Analyst: The recent net outflow of over 40,000 ETH from the derivatives exchange may indicate a reduction in selling pressure

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Bitget2024/09/09 08:37

ChainCatcher news, CryptoQuant analyst Amr Taha stated that the net outflow from derivative exchanges recently exceeded 40,000 ETH. This may indicate a decrease in ETH selling pressure or a reduction in the amount of loans for new short positions.

Note: The net flow of ETH on derivative exchanges is calculated by the difference between inflows (ETH deposited into the exchange) and outflows (ETH withdrawn from the exchange).

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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