Crypto News

This has led to concerns among investors and analysts about a potential sell-off in the near future. On-Chain Data Points to Bearish Sentiment The recent rise in exchange net inflows for Ethereum has raised red flags for many in the crypto community. This data point refers to the amount of ETH being sent to centralized exchanges from external sources. Generally, a high net inflow indicates that investors are looking to sell their holdings. This trend is further supported by the fact that the number of ETH whales (holders with large amounts of ETH) has also been decreasing in recent weeks. According to Glassnode, the number of addresses holding over 10,000 ETH has dropped by 6.7% since the beginning of the year. This suggests that large holders are either selling their holdings or moving them to cold storage for long-term holding. Trending Hashtags Reflect Market Concerns The growing concerns about a potential sell-off in Ethereum are also reflected in the trending has...