Ethereum Exchange Balances Turn Negative as Outflows Surge

Ethereum’s exchange balances have unexpectedly turned negative, signaling historic withdrawals and a shrinking liquid supply. This shift reflects growing accumulation by long-term ETH holders. Analysis reveals that billions in ETH are leaving exchanges, with the trend continuing despite recent price drops. Ethereum’s historical outflows, coupled with increased demand from ETFs, paint a picture of a tightening market environment. While prices have dipped slightly this week, this move suggests investors are positioning themselves for long-term holding rather than immediate trading.