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In the 24 hours between February 8 and 9, Ethereum holders reportedly moved more than 224,000 ETH from centralized exchanges, marking the largest net outflow in nearly two years. This sudden movement is an indicator of the growing belief in the cryptocurrency’s long-term potential. Rising Accumulation as Whales Strengthen Positions Santiment data shows that there are currently 9.63 million ETH, worth an estimated $26 billion, sitting in known exchange wallets. This is the lowest number since August 29, 2024. According to the crypto insights platform, when investors pull assets from exchanges, it usually suggests they are looking to hold rather than sell, therefore reducing the sell-side pressure and lowering the likelihood of major price drops. “When assets are moving away from exchanges, it is typically a signal of confidence by investors, who are content with holding for the long-term,” stated Santiment. However, the platform’s analysts noted that ETH’s performance this year will most likely be decided by Bitcoin’s ability to stay afloat and rebound to its all-time high. Interestingly, the outflow has come in tandem with the number of Ethereum whales rising by 2.3% since the beginning of February. According to well-regarded crypto expert Ali Martinez, this accumulation is signaling growing accumulation and reinforcing the bullish sentiment among large investors, even as ETH’s price remains under pressure. Additionally, a recent CoinShares report also indicated that Ethereum led weekly crypto inflows for the first time in 2025, beating BTC. Traders poured nearly $800 million into ETH-related products, compared to only $407 million that went into the number one cryptocurrency. Mixed Signals as Short Positions Mount However, despite the underlying bullishness, hedge funds have dramatically increased short positions on ETH, rising 40% in a week and 500% since November 2024. Historically, such extreme bearish positions can set the stage for a short squeeze, where rapid price increases force short sellers to buy back an asset, further pushing up its value. Meanwhile, Ethereum spot exchange-traded funds (ETFs) registered record inflows in the last week, adding more than $854 million in that period. Some market observers feel that this institutional backing, coupled with decreasing exchange reserves, could mean that investors are positioning themselves for a potential rebound. At the time of this writing, the world’s second-largest cryptocurrency by market cap was trading at $2,715, a 2.6% improvement over 24 hours. However, across two weeks and one month, the coin’s value is down 15% and 16.1%, respectively. It is also still more than 44% below its ATH of $4,878 achieved over three years ago. The post 224,410 ETH Exit Exchanges in Biggest Ethereum Outflow in 2 Years appeared first on CryptoPotato.

ETH is on the verge of a potential short-term reversal as the cryptocurrency currently trades at $2,700.01, up 2% in the past day. According to noted crypto analyst Ali Martinez, deep-pocketed investors, known as whales, have been snapping up huge amounts of ETH, capitalizing on the recent crypto market downturn. This could mean a reversal is in the works. Martinez pointed out in a post on X (formerly Twitter) that there’s been a significant increase in Ethereum “mega-whales” (those holding 10,000 ETH or more). Between February 1st and 9th, the number of these addresses jumped from 941 to 963 – a 2.30% rise. Historically, when this kind of buying happens during a price slump, it’s often a sign that whales are confident the price will bounce back Adding more credence, blockchain sleuths at Lookonchain revealed in a separate X post that over 121,512 ETH (worth around $323.4 million) flew out of major exchanges like Binance and Bitfinex, heading to just two whale wallets. Related: BTC Could Easily Reach $150K As OTC Supply Nears Depletion – Analyst One whale, identified as “0xb99a…BcF5,” pulled out 56,909 ETH ($151.6 million) from Binance earlier today. Meanwhile, another massive wallet, “0xEd0C…4312,” withdrew a hefty 64,603 ETH ($171.8 million) from both Binance and Bitfinex over the past couple of days. This kind of exodus from exchanges usually suggests these whales aren’t planning to sell anytime soon; instead, they’re likely stockpiling for the long haul, which takes away selling pressure in the short term. The daily chart from TradingView confirms that ETH hasn’t been a star performer this cycle, but it just might be on the cusp of a bullish surge. The Relative Strength Index (RSI) is currently at 35.82, suggesting bearish territory. However, it’s worth noting the RSI dipped close to oversold levels recently, which often precedes a rebound. Looking at the MACD indicator, it still paints a bearish picture, with the signal line (red) lingering above the MACD line (blue), indicating the downtrend is losing steam but hasn’t completely reversed. Related: Bitcoin ‘Diamond Hands’? BTC Holds $97K as Whales Dump at 3AC Levels The MACD histogram is also bearish, but the bars are getting shorter, hinting at a growing possibility of a bullish divergence – a potential early sign of a trend change. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Receipts Depositary Corporation (RDC) has just dropped the news about XRP Depositary Receipts (XRP DRs), a new financial tool that lets investors get in on XRP action without directly owning the cryptocurrency. Similar to Exchange Traded Funds (ETFs) and American Depository Receipts (ADRs), XRP DRs will give investors the chance to profit from XRP’s future gains but without actually holding the asset itself. This move is seen as a bridge between traditional finance and decentralized finance (DeFi), potentially opening up the crypto market to more institutional investors. Related: Crypto’s Going Mainstream Faster Than the Internet Did Anchorage Digital, a federally chartered digital asset bank, will serve as the custodian for these XRP DRs. This partnership suggests that the securities may be subject to strict regulatory oversight, which could increase trust from institutional investors. Ankit Mehta, Co-Founder and CEO of RDC, said that XRP DRs are a step toward bringing digital assets into the mainstream financial ecosystem. “Qualifying investors now have the ability to own XRP using the same processes they trust for traditional securities. We are seeing more demand for digital asset DRs and are scaling our business accordingly,” Mehta said. A few days ago, Fox Business journalist Eleanor Terrett had reported that Digital Wealth Partners (DWP) is also preparing to launch XRP Depository Receipts. Although the launch of XRP DRs may not immediately cause a major price surge, they represent a growing institutional interest in XRP and it could help increase liquidity and demand for XRP in the global market. Related: XRP ETFs Edge Closer to SEC Approval Following Multiple 19b-4 Filings Analysts predict that if XRP manages to push past its current support levels below $3, the potential for upward movement could remain intact, possibly reaching targets like $4.20, $5, or even $6.60. However, until a confirmed breakout occurs, a period of sideways movement may be expected. At press time, XRP is trading at $2.50 and is up by more than 4.5% in the last 24 hours. XRP last traded above $3 on February 1, and according to crypto expert Ali Martinez, if XRP stays above $2.27, it could get the boost it needs for a bounce back toward $3. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

To say cryptocurrencies had a rough February start is an understatement. In the first week of the month, the crypto market cap experienced a drastic decrease. Going by the numbers from CoinMarketCap , it went from $3.6 trillion to $3.0 trillion in a matter of a few days. However, Ali Martinez, a prominent crypto analyst, highlighted a promising shift: capital inflows into the market picked up, adding $6 billion in the past week and hinting at renewed momentum. The injection of $6 billion suggests a resurgence of investor interest and confidence in the crypto market. Such inflows can lead to increased liquidity, potentially driving up asset prices and encouraging further investment. This trend stands in stark contrast to earlier observations of capital exiting major cryptocurrencies like Bitcoin and Ethereum in favor of stablecoins, reflecting investor caution. The current trend indicates a shift towards a more bullish sentiment. Renewed capital inflows can stimulate market activity, leading to price appreciation across various cryptocurrencies. Related: Trump’s 25% Tariff on Steel, Aluminum Imports Rattles Bitcoin as Crypto Markets React Nonetheless, investors should remain vigilant, as markets can be volatile. While this is definitely good news for the crypto world, short-term inflows should not be mistaken for indicators of long-term stability. It’s prudent to focus on real trading volume rather than being swayed by news headlines and social media trends. At the start of the month, the crypto market faced a substantial sell-off after US President Donald Trump announced new tariffs – 25% on imports from Mexico and Canada and 10% on goods from China. This led to over $2.2 billion in liquidations within 24 hours, affecting more than 700,000 traders. As the leading cryptocurrency, Bitcoin experienced a notable decline of approximately 7.5%, reaching a low of around $91,969. Ethereum also suffered a significant drop of about 20.1%, trading at roughly $2,510. Related: Crypto Market Recovers Sharply: Tariff Concerns Easing Altcoins were particularly hard hit, with some, like XRP, suffering a decline of over 28%. That being said, the latest $6 billion capital influx does signify a positive shift in the cryptocurrency market, with the current global crypto market cap currently at $3.24 trillion. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Solana ($SOL ) Approaches Critical Support Level – What's Next? Solana ($SOL) is at a crucial juncture as it tests its lower boundary within a parallel channel, currently holding support between $185 and $193. Analysts, including Ali Martinez, highlight that maintaining this level is essential for Solana to continue its bullish market structure and target higher price levels. 📊 Key Technical Levels: 🔹 Support Zone: $185 - $193 (Crucial for bullish momentum) 🔹 Immediate Resistance: $210 🔹 Major Targets: $300 - $387 (if bullish trend sustains) A strong defense of the support zone could attract buying pressure, reinforcing positive sentiment and allowing SOL to break above $210, with a potential rally toward $300 and eventually $387. However, failure to hold support could shift sentiment bearish, triggering a drop toward $160 or $150. 🔍 Technical Indicators: 📈 MACD: Shows early signs of bullish momentum. 📊 Histogram Bars: Transitioning from red to near-positive, suggesting bearish pressure is weakening. At press time, SOL is trading at $197, up 3.39% in the past 24 hours, with a market cap of $96.42 billion and a 24H trading volume of $2.59 billion.