Analysts suggest that rising Ether outflows from crypto derivatives exchanges are bullish, as they may reduce selling pressure and closed leverage positions. On February 6, negative net flows of 300,000 ETH (approximately $817.2 million) were recorded on these exchanges, the highest since August 2023. This trend indicates traders are pulling Ether off these platforms, which could mean less immediate supply available for selling. Taha, an analyst, explained that if demand remains stable or increases, prices typically rise due to this lower available supply. Despite a 19.42% decrease in ETH's price over the past month, recently emerging bullish catalysts, such as a potential staked Ether exchange-traded fund and increased Ether holdings from projects linked to influential figures, add to the optimistic outlook. The growing sentiment reflects the belief that reduced selling pressure may lead to future price stabilization or increase.

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