A keen look at ETH total exchange inflows and outflows confirms that demand is currently outweighing sell pressure. However, there is something far more notable about the current exchange flows. Exchange flow volumes are now down to levels where we have previously seen a surge in on-chain volumes.The above observation is important because it means ETH may see a resurgence of volumes soon.
The above underscores a cautious but optimistic outlook in the derivatives market, thus the absence of strong leverage.
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