Ethereum's recent net outflow on derivatives trading platforms exceeds 40,000, which may indicate a decrease in selling pressure

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MarsBit
09-09
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According to Mars Finance, on September 9, according to Cryptoquant monitoring, the recent net outflow of Ethereum on the derivatives trading platform exceeded 40,000. The data was calculated by the difference between inflow and outflow, that is, the amount of ETH deposited in the trading platform minus the amount of ETH withdrawn from the trading platform.

More ETH being withdrawn from derivatives trading platforms could mean less selling pressure, or a smaller amount of ETH being borrowed, thereby reducing the opening of new short positions.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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