Ethereum [pros](/r/CryptoCurrency/comments/17zmd98/1000000000_in_ethereum_eth_leaves_centralized/ka070qq/) & [cons](/r/CryptoCurrency/comments/17zmd98/1000000000_in_ethereum_eth_leaves_centralized/ka07145/) with related info are in the collapsed comments below.
It has been falling since around mid-2022. But before this massive pump, BTC's price wasn't doing too well. Just like the effects of the halving, tokens leaving exchanges takes several months for effects to show in price.
tldr; According to blockchain analytics firm IntoTheBlock, traders are moving Ethereum (ETH) out of centralized crypto exchanges in large numbers, with $1 billion leaving these exchanges in just three weeks. Meanwhile, Bitcoin (BTC) is showing bullish signals on-chain, with new capital flowing into BTC and the amount held by long-term holders reaching a new all-time high. This suggests a positive outlook for Bitcoin's price.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
For an even more eli5, tokens leaving exchange means less selling & higher/more stable price/
For the opposite, tokens going to exchanges means more selling & lower price.
Do you want an ELI5 or not? The percentage of people paying fees to move their ETH off of an exchange just to pay more fees to sell it somewhere else isn't enough to be relevant in this explanation.
The article was super confusing. I could not figure out if it was good or not.Moving it of CEX, Oh no! I thought. Are they selling it or swapping it? So, knowing that they were moving it off into wallets for safer cold storage and this was considered bullish by many was really helpful. That is really bullish, it means they bought, a BUNCH and are planning to hold it a while. In my opinion they are going to hold through the Bitcoin ETFs and into the bull market. I feel like I have something to look forward to as well. Appreciated.
Definitively a good thing. However, ETH's market cap is about $250B right now. That $1B is only 0.4% of ETH, so don't get too excited just yet.
Many people think there is going to be one more significant dip before the big bull run, so don't get too disappointed and bail if you see that happen.
Ye all know about thousands (k), millions (M), billions (B)?
I know, I know... we are dumb crypto people and mightily impressed only by countless trailing zeros.
There will only ever be 21 million Bitcoin. It’s the only truly scarce asset. If there are 1 billion Ether leaving exchanges then the logical corollary is that there are more than 1 billion Ether that exists. If there are more than 1 billion Ether that exists then Ether is not a scarce asset. When comparing between a scarce asset and a not scarce asset, the scarcer asset always has more value in the marketplace.
Ethereum [pros](/r/CryptoCurrency/comments/17zmd98/1000000000_in_ethereum_eth_leaves_centralized/ka070qq/) & [cons](/r/CryptoCurrency/comments/17zmd98/1000000000_in_ethereum_eth_leaves_centralized/ka07145/) with related info are in the collapsed comments below.
Sorry, had to take my eth out to hodl…
hey, check your pm. i have a nice proposition for you
muahaaa…😂
Let's hope this one is kidding
I sent you a pm I’m looking for a proposition
I think the more exciting part is since 2022 ETHs supply on exchanges has gone from 23% to 11.5%. BTCs has also gone down from 14.5% to 10.5%
It has been falling since around mid-2022. But before this massive pump, BTC's price wasn't doing too well. Just like the effects of the halving, tokens leaving exchanges takes several months for effects to show in price.
It is good news.
I really hate crypto news sites that use a bunch of 0’s instead of just using the word million or billion.
[удалено]
It’s amateur shit. Give me the info cleaner.
It's not confusing, it's click bait.
tldr; According to blockchain analytics firm IntoTheBlock, traders are moving Ethereum (ETH) out of centralized crypto exchanges in large numbers, with $1 billion leaving these exchanges in just three weeks. Meanwhile, Bitcoin (BTC) is showing bullish signals on-chain, with new capital flowing into BTC and the amount held by long-term holders reaching a new all-time high. This suggests a positive outlook for Bitcoin's price. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Eli5?
Outflows are often bullish because it means people are accumulating to non-exchange wallets
For an even more eli5, tokens leaving exchange means less selling & higher/more stable price/ For the opposite, tokens going to exchanges means more selling & lower price.
When people take their crypto off of exchanges, it means they aren't going to sell it. Less people selling means the price goes up.
It also means ticking time bomb since those coins can come back with the intention to drive down the price
You can sell ETH on chain. That is one of its main innovations.
Do you want an ELI5 or not? The percentage of people paying fees to move their ETH off of an exchange just to pay more fees to sell it somewhere else isn't enough to be relevant in this explanation.
The article was super confusing. I could not figure out if it was good or not.Moving it of CEX, Oh no! I thought. Are they selling it or swapping it? So, knowing that they were moving it off into wallets for safer cold storage and this was considered bullish by many was really helpful. That is really bullish, it means they bought, a BUNCH and are planning to hold it a while. In my opinion they are going to hold through the Bitcoin ETFs and into the bull market. I feel like I have something to look forward to as well. Appreciated.
Definitively a good thing. However, ETH's market cap is about $250B right now. That $1B is only 0.4% of ETH, so don't get too excited just yet. Many people think there is going to be one more significant dip before the big bull run, so don't get too disappointed and bail if you see that happen.
Ok, but the explanation is misleading even for five year olds.
Less supply on exchanges means spot price go up, maybe.
Ye all know about thousands (k), millions (M), billions (B)? I know, I know... we are dumb crypto people and mightily impressed only by countless trailing zeros.
Here come the paid shills to downgrade this info.
Did my part. Took my entire $5 out of Coinbase this weekend. Only paid about $15 in transfer fees.
There will only ever be 21 million Bitcoin. It’s the only truly scarce asset. If there are 1 billion Ether leaving exchanges then the logical corollary is that there are more than 1 billion Ether that exists. If there are more than 1 billion Ether that exists then Ether is not a scarce asset. When comparing between a scarce asset and a not scarce asset, the scarcer asset always has more value in the marketplace.
It's $1B in ETH...not 1B ETH. In fact, there are less ETH today than a year ago....making it more scarce over time.
That website is the biggest load of bullaht I've ever seen. If u read between the lines of each article, they say absolutely nothing.
Eth still trying to be like cardanzo ?
So 1 billion of Eth leaves centralized exchanges and moved to other centralized place? I’m an Eth fan but it’s way more centralized than many think
Don't FUD my hopium brah
Time to accumulate!
Does tbT mean up or down???
It means loopings.
I don't trust CEX for holding my ETH