Nansen “Exchange ETH Daily Net Inflows Highest in 4 Months”

According to data from Nansen Intelligence, net inflows into exchanges reached 81,840 ETH (roughly $3.06 billion) on Jan. 21 (local time). This is the largest daily amount since January 23rd. “This data marks the third consecutive day of inflows,” Nansen said, “bucking the general trend of declining ETH balances on exchanges amid heightened expectations that U.S. regulators will approve an Ethereum spot ETF.” Typically, inflows of exchange assets indicate potential selling pressure, while outflows indicate long-term holding.