$1.2B in Ether withdrawn from centralized exchanges in record daily outflow

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More than $1 billion worth of Ether has been withdrawn from centralized exchanges within a 24-hour period. It’s the second time this year, and the price went vertical last time. Read the full article by: Samuel Haig

Key Points:

  • All year we have seen large amounts of BTC and ETH leaving exchanges leading too many expecting price increases based off the increased scarcity.

  • ETH has also burned over $1 billion worth of the token since its London upgrade last month further deflating the amount in circulation.

  • Exchanges are currently holding the least crypto on their exchanges since 2018.

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