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Crypto

ETH Exodus: 1.4M Tokens Vanish From Exchanges Amid Bitcoin Price Surge

Guavy AI Editorial Team
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Bitcoin and Ethereum have seen significant price gains over the past two weeks after months of choppy markets. This revival has brought renewed activity to the crypto market.

According to on-chain data, exchange inventory trends for the two largest cryptocurrencies are diverging. The trend is notable because it could influence price dynamics, DeFi flows, and trading activity.

Data from CryptoRank shows that 1.4 million ETH has been removed from exchanges since June. This movement contrasts with Bitcoin's exchange inventory trend.

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