With high profit-taking, the amount of ETH sent to exchanges rose to levels last seen in 2022. Will it lead to more losses?that the US Securities and Exchanges Commission had sent investigative subpoenas to U.S. companies, amongst which is the Swiss-based Ethereum Foundation, the non-profit entity that supports the network.
When an asset witnesses a rally in its net flow into exchanges, it generally indicates that its holders are moving their tokens onto trading platforms to sell for profit or hedge against further losses.data, it increased by 1%. At press time, 14.2 million ETH valued at around $47 million were held across exchanges.
A holistic consideration of these two key on-chain metrics presents a divergence. ETH’s MVRV ratio of 90% suggests potential undervaluation, which could mean it is a good time to buy.