EthereumShort
It seems no one is safe from the crypto liquidity crunch.
However, it doesn't look like inflows have cooled off. On the contrary, the indicators actually seem to be climbing even more.
This indicates that Ether continues to be under selling pressure, which suggests that the current levels may not be the bottom and that the value of the cryptocurrency may fall further in the future.
Price levels $1190-1267 bearish
Stop Loss $1400-1450
Target X
"Exchange Inflows" is a measure of the total amount of Ether entering wallets on centralized exchanges.
There are two versions of this metric, the first records inflows specifically to derivatives exchanges, and the other records transfers to spot exchanges only.
In general, an increase in derivatives inflows leads to increased market volatility because it means that new futures positions are opening up and leverage is increasing.
A spike in spot inflows could have a direct bearish impact on the price of cryptocurrencies, as investors typically deposit these exchanges for sale.
This indicates that Ether continues to be under selling pressure, which suggests that the current levels may not be the bottom and that the value of the cryptocurrency may fall further in the future.
Price levels $1190-1267 bearish
Stop Loss $1400-1450
Target X
"Exchange Inflows" is a measure of the total amount of Ether entering wallets on centralized exchanges.
There are two versions of this metric, the first records inflows specifically to derivatives exchanges, and the other records transfers to spot exchanges only.
In general, an increase in derivatives inflows leads to increased market volatility because it means that new futures positions are opening up and leverage is increasing.
A spike in spot inflows could have a direct bearish impact on the price of cryptocurrencies, as investors typically deposit these exchanges for sale.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.