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$ETH Exchange Balance Just Went Negative
For the first time on record, Ethereum Exchange Flux Balance shows net outflows across all exchanges.
This isn’t noise, it’s billions in ETH being pulled off exchanges. In simple terms, liquid supply is shrinking while price is already above $5.5K.
Historically, negative exchange balances mark structural shifts:
Selling pressure dries up.
Long-term holders tighten supply.
Market tops only appear after a sharp reversal in this trend not at the start.
The signal is clear: ETH isn’t being positioned to sell, it’s being positioned to hold.
This could define Ethereum’s next leg in the cycle.
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