224,410 ETH exit in the largest ETHEREUM flow in two years

Within 24 hours between February 8 and 9, ETHEREUM holders were said to have moved more than 224,000 ETH from the central stock exchanges, which represents the largest net flow in nearly two years.

This sudden movement is an indication of the increasing belief in the capabilities of the coded currency in the long run.

Height accumulated with the strengthening of whales positions

Santiment data shows that there is currently 9.63 million ETH, at a value of $ 26 billion, sitting in well -known exchange portfolios. This is the lowest number since August 29, 2024.

According to the Crypto Insights platform, when investors pull the assets from the stock exchanges, it is usually that Suggest They look forward to keeping instead of selling, thus reducing the pressure of the sale side and reducing the possibility of the main prices.

“When the assets rise away from the stock exchanges, they are usually a sign of confidence by investors, who are satisfied with keeping the long term,” Santime stated.

However, the platform analysts indicated that this year’s ETH performance will be likely through Bitcoin’s ability to stay standing on his feet to the highest level ever.

Interestingly, the external flow has come along with 2.3 % of Ethereum whales since the beginning of February. According to the well -known encryption expert Ali Martinez, this accumulation is Reference Increased accumulation and promoting bullish emotions among big investors, even with the price of the ETH under pressure.

In addition, the Coinshares report indicated that Ethereum led the weekly encryption flows for the first time in 2025, overcoming BTC. Merchants poured nearly $ 800 million in ETH products, compared to only $ 407 million, which entered into the coded currency number one.

Mixed signals as short sites

However, despite the basic rise, hedge funds have increased significantly from short situations on the ETH, as 40 % increased per week and 500 % since November 2024. Historically, these declining situations can determine the way for short pressure, as rapid prices increase One of the strengths on the open to purchase the original, and the increase in its value.

Meanwhile, the money circulating in Ethereum Spot Traded (ETFS) recorded record flows last week, adding more than $ 854 million in that period. Some market monitors feel that this institutional support, along with the decrease in the stock market reserves, may mean that investors are putting themselves in a possible recovery.

At the time of writing this report, it was the second largest cryptocurrency in the world, depending on the maximum market, trading at $ 2,715, i.e. improved by 2.6 % over 24 hours. However, over two weeks and one month, the currency value has decreased by 15 % and 16.1 %, respectively. It is still more than 44 % lower than ATH than $ 4,878 that has been achieved more than three years ago.