- Ethereum saw around $2.3 billion inflows.
- The ETH price rise triggered a notable short liquidation volume.
Ethereum [ETH] recently experienced a significant price move, triggering a large volume of short liquidations and leading to a record inflow volume.
Amid these developments, there is speculation that institutions might be preparing for the potential approval of an Ethereum-based financial product.
Ethereum sees significant flow into exchanges
AMBCrypto’s analysis of Ethereum’s inflow chart on CryptoQuant showed that traders have moved to take advantage of the recent price increase.
On the 21st of May, around 627,770 ETH, valued at over $2.3 billion at approximately $3,789 per ETH, flowed into exchanges. This marked the second-largest inflow volume in over a year.
The largest inflow occurred in March when 648,000 ETH, also worth about $2.3 billion, were transferred. At press time, the inflow had already exceeded 100,000 ETH.
Source: CryptoQuant
Due to these substantial inflows, Ethereum’s Netflow has been positive over the past few days. The Netflow indicated that more ETH was entering exchanges than leaving.
On the 21st of May, the Netflow was around 49,000 ETH — this trend continued with an additional Netflow of over 5,600 ETH at the time of writing.
Ethereum shorts see more liquidation
Another effect of the recent Ethereum price increase has been a surge in liquidation volume.
According to AMBCrypto’s analysis of the liquidation chart, short traders have experienced significant liquidations in the past few days.
Source: CryptoQuant
On the 20th of May, approximately 20,558 ETH, valued at over $75.2 million, were liquidated, marking the second-highest short liquidation volume in over a year.
The trend continued on the 21st of May, with over 11,600 ETH worth around $44 million being liquidated.
Institutions preparing for ETF approval?
Amid the recent price increase in Ethereum, there is growing speculation about the imminent approval of an Ethereum ETF.
Commentators are optimistic about this approval, and some analysts believe that institutions are already preparing for it.
A CryptoQuant chart showed notable outflows of ETH on Coinbase on the 11th and 27th of March and 18th April, with volumes of approximately -134,000, -120,454, and -133,000 ETH, respectively.
Similar outflow patterns were observed on Coinbase before the announcement of the Bitcoin ETF approval in January, suggesting that institutions might be positioning themselves for a potential approval now as well.
Source: CryptoQuant
ETH sees a slight drop
Ethereum surged to approximately $3,661 following a 19% increase on the 20th of May.
Read Ethereum’s [ETH] Price Prediction 2024-25
According to AMBCrypto’s assessment of the daily time frame chart, this upward trend continued on the 21st of May, with ETH reaching around $3,789 after a 3.50% increase, hitting a price zone last seen in March.
As of this writing, Ethereum was trading at about $3,749, reflecting a decline of just over 1%.
Source: TradingView
- Ethereum saw around $2.3 billion inflows.
- The ETH price rise triggered a notable short liquidation volume.
Ethereum [ETH] recently experienced a significant price move, triggering a large volume of short liquidations and leading to a record inflow volume.
Amid these developments, there is speculation that institutions might be preparing for the potential approval of an Ethereum-based financial product.
Ethereum sees significant flow into exchanges
AMBCrypto’s analysis of Ethereum’s inflow chart on CryptoQuant showed that traders have moved to take advantage of the recent price increase.
On the 21st of May, around 627,770 ETH, valued at over $2.3 billion at approximately $3,789 per ETH, flowed into exchanges. This marked the second-largest inflow volume in over a year.
The largest inflow occurred in March when 648,000 ETH, also worth about $2.3 billion, were transferred. At press time, the inflow had already exceeded 100,000 ETH.
Source: CryptoQuant
Due to these substantial inflows, Ethereum’s Netflow has been positive over the past few days. The Netflow indicated that more ETH was entering exchanges than leaving.
On the 21st of May, the Netflow was around 49,000 ETH — this trend continued with an additional Netflow of over 5,600 ETH at the time of writing.
Ethereum shorts see more liquidation
Another effect of the recent Ethereum price increase has been a surge in liquidation volume.
According to AMBCrypto’s analysis of the liquidation chart, short traders have experienced significant liquidations in the past few days.
Source: CryptoQuant
On the 20th of May, approximately 20,558 ETH, valued at over $75.2 million, were liquidated, marking the second-highest short liquidation volume in over a year.
The trend continued on the 21st of May, with over 11,600 ETH worth around $44 million being liquidated.
Institutions preparing for ETF approval?
Amid the recent price increase in Ethereum, there is growing speculation about the imminent approval of an Ethereum ETF.
Commentators are optimistic about this approval, and some analysts believe that institutions are already preparing for it.
A CryptoQuant chart showed notable outflows of ETH on Coinbase on the 11th and 27th of March and 18th April, with volumes of approximately -134,000, -120,454, and -133,000 ETH, respectively.
Similar outflow patterns were observed on Coinbase before the announcement of the Bitcoin ETF approval in January, suggesting that institutions might be positioning themselves for a potential approval now as well.
Source: CryptoQuant
ETH sees a slight drop
Ethereum surged to approximately $3,661 following a 19% increase on the 20th of May.
Read Ethereum’s [ETH] Price Prediction 2024-25
According to AMBCrypto’s assessment of the daily time frame chart, this upward trend continued on the 21st of May, with ETH reaching around $3,789 after a 3.50% increase, hitting a price zone last seen in March.
As of this writing, Ethereum was trading at about $3,749, reflecting a decline of just over 1%.
Source: TradingView
Hello my darling, I just wanted to express how well written and comprehensive this post is, covering almost all the essential details. More blogs like this one would be nice, in my opinion.
where buy generic clomiphene where to get clomid without prescription how can i get cheap clomid tablets where can i get clomiphene tablets how to buy clomid tablets clomiphene prices how to get cheap clomiphene
I’ll certainly bring to be familiar with more.
zithromax 500mg price – purchase metronidazole generic buy metronidazole without prescription
semaglutide 14mg brand – buy periactin 4mg generic cheap periactin 4mg
buy domperidone online cheap – order sumycin 500mg generic order flexeril generic
inderal generic – cost inderal methotrexate 2.5mg canada
amoxil without prescription – cheap generic amoxil cost ipratropium
buy generic augmentin for sale – https://atbioinfo.com/ buy acillin pill
buy esomeprazole – nexium to us buy cheap generic esomeprazole
coumadin 2mg cheap – anticoagulant hyzaar canada
mobic 15mg canada – https://moboxsin.com/ how to get meloxicam without a prescription
prednisone 10mg cost – https://apreplson.com/ buy prednisone 10mg for sale
amoxil us – combamoxi generic amoxicillin
cenforce online order – cenforce 50mg tablet cenforce 100mg uk
cialis liquid for sale – cialis by mail ambrisentan and tadalafil combination brands
cialis tadalafil & dapoxetine – cialis professional vs cialis super active what is the difference between cialis and tadalafil
how to get zantac without a prescription – https://aranitidine.com/ ranitidine 300mg drug
buy viagra usa – strong vpls buy viagra nz online
This website exceedingly has all of the low-down and facts I needed to this case and didn’t know who to ask. https://gnolvade.com/es/lasix-comprar-espana/
I’ll certainly return to be familiar with more. azithromycin 500mg over the counter
Greetings! Very gainful par‘nesis within this article! It’s the scarcely changes which will obtain the largest changes. Thanks a lot quest of sharing! https://ursxdol.com/azithromycin-pill-online/
This is the description of topic I have reading. cenforce 100 en ligne
This is the kind of literature I in fact appreciate. https://ondactone.com/simvastatin/