Ethereum’s net outflow on derivatives exchanges reaches an 18-month high, a bullish signal

CryptoQuant analyst Amr Taha pointed out in a report that on February 6, Ethereum’s net outflow from derivatives exchanges was-300,000 units (worth approximately US$817.2 million), reaching its highest level since August 2023. This is a bullish signal because traders withdrawing ETH from derivatives exchanges means less selling pressure, while clearing leveraged positions and potentially moving Ethereum into cold wallets. Taha said the increase in Ethereum outflow from derivatives exchanges reduces the immediate supply available for sale, making it more difficult for Ethereum prices to fall; if demand remains stable or increases, prices tend to rise as supply decreases.（Cointelegraph）
 

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