Analysts: Derivatives exchange recently net outflow of more than 40,000 ETH, or indicate a reduction in selling pressure
On September 9, CryptoQuant analyst Amr Taha said in a post that derivatives exchanges have recently seen net outflows of more than 40,000 ETH. This could indicate a decrease in ETH selling pressure or a decrease in the amount of borrowing for new short positions.
Note: The net flow of ETH on derivatives exchanges is calculated as the difference between inflows (ETH deposited on exchanges) and outflows (ETH withdrawn from exchanges).