Ethereum 24-hour large outflows: What's going on with these three exchanges?

2026-01-22 05:52:10

Abstract generation in progress

【Blockchain Rhythm】Recently, I noticed an interesting phenomenon. According to on-chain data statistics, Ethereum has been quite active in liquidity movement between centralized exchanges over the past day.

In terms of net outflows, a leading compliant platform withdrew a total of 81,000 ETH at once, which is indeed a significant number. Next is a derivatives exchange with 18,900 ETH, plus a traditional exchange with 194.54 ETH, and these three exchanges account for the majority of the outflows.

In contrast, a leading exchange received 25,600 ETH, becoming the largest recipient. This comparison clearly illustrates the issue—where funds are flowing to reflects, to some extent, market participants’ preferences for different platforms and changes in market sentiment. It is worth paying attention to the true reasons behind this.

ETH-1.39%

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liquiditea_sipper

· 01-22 06:22

81,000 tokens withdrawn at once? This move is pretty aggressive. Are you trying to buy the dip or hiding something?

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EyeOfTheTokenStorm

· 01-22 06:21

81,000 tokens of outflow... This number looks a bit scary, but have you noticed? The large transfers happen to be from "compliant platforms," while the leading exchanges are still accumulating? This logic should be viewed in reverse. Fortunately, I have done quantitative analysis before. Based on historical data, this kind of hedging liquidity is often carried out by big players doing T, implying that the market has not yet reached a consensus. Everyone, don't be scared. The real reason? I bet that institutions are quietly reallocating their positions, likely switching to stablecoins or preparing to enter a new product. The current market structure is completely different from 2017, so be very cautious. As for the 25,600 tokens flowing into the top exchanges, it seems a bit thin... Just a risk reminder.

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OnlyOnMainnet