COINOTAG reported on August 18th that recent data from Coinglass indicates a notable shift in Ethereum’s liquidity across centralized exchanges (CEX). Over the last 24 hours, the total net inflow of Ethereum reached an impressive 25,500 ETH. The leading CEX in this influx included Bybit, recording an inflow of 29,100 ETH, followed closely by Kraken, which attracted 23,400 ETH. Meanwhile, Bithumb accounted for a modest inflow of 2,309.14 ETH.
In contrast, Binance experienced the highest outflow of Ethereum, with a staggering 31,600 ETH exiting the platform. Such movements reflect the dynamic nature of the cryptocurrency market, where trading strategies and investor sentiments can lead to significant shifts in token distribution. Monitoring these trends is crucial for stakeholders aiming to navigate the complexities of the crypto landscape effectively.