After the groundbreaking spot ETH ETF approval, there has been an 800K ETH withdrawal from exchanges worth approximately $3 billion in 8 days. Analyst Burak Kesmeci has two assumptions as to what might have driven this. It could be whales or individuals who think that the price will rise after spot ETH ETF approval. Or it could be the institutions preparing for spot ETFs behind the heavy outflow of 8 days to meet the demand of their investors. He also states that the withdrawal will have a positive impact on the price in the medium term.

Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0

PRC Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed