Crypto News

Netflows to Derivative Exchanges Signal Potential Volatility As the price of Ethereum continues to face challenges amidst the current market downturn, there are indications of increased netflows to derivative exchanges. This phenomenon suggests that market participants are actively hedging and speculating on the future price of Ethereum. In fact, data from on-chain analytics firm Glassnode shows that the netflows to derivative exchanges reached a 3-month high in June, with over $30 million worth of ETH being transferred to these exchanges. This trend has continued into July, with over $20 million worth of ETH netflows recorded in the first week alone. This surge in netflows to derivative exchanges is a strong indicator of potential market volatility in the near future. It suggests that traders and investors are anticipating significant price movements and are taking measures to protect their positions or capitalize on potential gains. Increased Activity on Derivative Exchanges ...