NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Celsius Founder Alex Mashinsky Receives 12-Year Prison Sentence
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Celsius Founder Alex Mashinsky Receives 12-Year Prison Sentence

200k Ethereum Flows Into Exchanges, More Downside Ahead?

Keshav Verma
Keshav Verma
3 years ago
3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

According to on-chain data, around 200k ETH entered exchanges yesterday, a sign that Ethereum might face more downside soon.

Central Exchanges Observe Inflow Of 200k ETH

As pointed out by a CryptoQuant post, more than 200k ETH entered exchange wallets yesterday. At the current rate, this amount is worth about $839 million.

The relevant on-chain indicator here is the Ethereum netflow, which shows the net amount of the crypto entering or exiting central exchanges. Its value is calculated by taking the difference between the inflows and the outflows.

When the metric has negative values, it means outflows are dominating the inflows. That is, investors are withdrawing more ETH than they are depositing. Such a trend is usually bullish for the crypto.

On the other hand, positive netflows imply exchanges are receiving a higher amount of Ethereum compared to what’s being taken off. As investors usually transfer their coins to exchanges either for withdrawing to fiat or for purchasing altcoins, prolonged positive values of the indicator can be bearish.

Related Reading | Ethereum Scarcity: After London Fork, ETH’s Supply Change Drops To Almost Zero

Now, here is a chart that shows the trend in the ETH netflow indicator over the past couple of weeks:

Ethereum Netflows

Looks like the indicator has shown a positive spike recently | Source: CryptoQuant

As the above graph shows, a huge positive netflow spike was seen yesterday as around 201k ETH entered exchange wallets.

This is a significant amount of Ethereum, and as is visible in the chart, no inflows of close to this level have been seen during the period.

By the way, one interesting feature in the graph are the humongous outflow spikes from about a week ago. These outflows amounted to around $9 billion in ETH exiting exchanges in just a matter of three days.

The inflow seen yesterday can cause a decline in the price of the crypto in the short term. However, in the long term, signs for the coin are still bullish as the exchange reserves have been sharply dropping off recently.

Ethereum Price

At the time of writing, ETH’s price floats around $4.2k, down 10% in the last seven days. Over the past month, the crypto has gained 4% in value.

Related Reading | TA: Ethereum Trims Gains, Why This Level Is The Key For Fresh Increase

The below chart shows the trend in the price of Ethereum over the last five days.

Ethereum Price Chart

ETH's price has moved mostly sideways in the last few days | Source: ETHUSD on TradingView

Since Ethereum made a new all-time high above $4.8k, the price has mostly seen a trend of decline. Earlier the price dropped down to as low as 3.9k, before recovering to the current levels.

Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com
Tweet123Share196ShareSend
Keshav Verma
Keshav Verma

Keshav Verma

Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021.

Read more

Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to.

In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions.

Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true.

Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn’t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment..

Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form.

Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new.

As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money.

Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn’t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs.

Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Ethereum ‘Extremely Undervalued Against BTC’ – Supply Pressure May Delay Recovery

Ethereum ‘Extremely Undervalued Against BTC’ – Supply Pressure May Delay Recovery

Ethereum has finally broken through a key resistance level, trading above $1,900 after pushing past the long-standing $1,850 barrier. This...

Sebastian Villafuerte 20 hours ago
Ethereum Staking Surges Post-Pectra—Is a Bullish Breakout Brewing?

Ethereum Staking Surges Post-Pectra—Is a Bullish Breakout Brewing?

Ethereum’s price has seen a moderate recovery over the past week, tracking closely with the broader crypto market’s positive momentum....

Samuel Edyme 1 day ago
ETH, ether, Ethereum

Ethereum To ‘Witness Big Breakout’ In The Next Two Weeks If This Level Holds

As price continues to trade sideways, Ethereum (ETH) has reclaimed a crucial level, which could kickstart a breakout toward the...

Rubmar Garcia 1 day ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

ethereum

Ethereum Stuck Between Retail Sell-Off And Whale Accumulation, Analyst Explains

Ash Tiwari 2 hours ago
Ethereum Blasts Past $1,900 as On-Chain Signals Point to Institutional Buying

Ethereum Blasts Past $1,900 as On-Chain Signals Point to Institutional Buying

Samuel Edyme 3 hours ago
Ethereum Price Tests Limits

Ethereum Price Explodes Past $2,200 with 25% Surge—Momentum Builds Fast

Aayush Jindal 6 hours ago

Premium Sponsors

Top Brands

Press Releases

  • BTC surged by $100,000 and its market value exceeded $2...

    2 hours ago
  • 2025 Ripple Whales Are Quietly Betting Big on This Cloud...

    10 hours ago
  • The easiest way to start mining Bitcoin using cloud mining...

    12 hours ago
  • As BTC rises 12% — SIX MINING users earn over $300,000 in...

    16 hours ago
  • How to Make $91.3K per Day Fast with Bitcoin Fast Start...

    18 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.