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Analyst: Derivatives exchange recently saw a net outflow of over 40,000 ETH, which may indicate reduced selling pressure.
Odaily Planet Daily News CryptoQuant analyst Amr Taha said that Derivatives exchange has recently had a net outflow of more than 40,000 ETH. This may indicate a decrease in ETH dumping pressure or a decrease in the borrowing amount for new short positions. Note: The net flow of ETH on Derivatives exchange is calculated based on the difference between the inflow (ETH deposited into the exchange) and outflow (ETH withdrawn from the exchange).