Recent data from Coinglass highlights significant movements in the Ethereum market, with a notable trend of net outflows from centralized exchanges. According to the results published in the material, this shift indicates a growing interest in holding ETH outside of these platforms.
Significant Outflows of ETH from Centralized Exchanges
As of January 22, the total net outflows of ETH from centralized exchanges reached 30,600 in just 24 hours. The leading exchange for outflows was Coinbase Pro, which saw a staggering 81,000 ETH leave its platform. Following closely were:
- Bybit with outflows of 18,900 ETH
- Bitstamp with outflows of 19,454 ETH
Inflow Trends at Binance
Binance experienced a notable inflow of 25,600 ETH, positioning it at the top of the inflow rankings. This divergence in exchange activity suggests a potential shift in investor sentiment, as more users opt to withdraw their assets from centralized exchanges, possibly in favor of self-custody solutions.
In a recent development, ImmuneFi has launched initiatives to enhance security in the Web3 ecosystem by distributing millions of IMU tokens. This effort contrasts with the current trend of significant ETH outflows from centralized exchanges. For more details, see Token Splash Event.
