According to Santiment data, between February 8 and 9, about 224,400 Ethereum were exited from the exchange, setting a new high for single-day net outflows in nearly 23 months. While this is more of a long-term indicator, it is a strong signal for the currently underperforming Ethereum price. When assets flow out of an exchange, it is usually a sign that investors are confident about holding for the long term. A smaller number of tokens available for public trading also means that a large sell-off is less likely in the future. It is important to note that the performance of Ethereum in 2025 will still largely depend on Bitcoin's ability to maintain stability and attempt to return to all-time highs.