TechFlow reports, Cryptoquant analyst SimonaD pointed out that after the FTX incident, Ethereum's net inflows and spot exchange reserves highlighted strong investor confidence in Ethereum's future recovery.
The chart shows that Ethereum's spot reserves across all exchanges are continuously declining, while the total value of Ethereum staking is increasing. Currently, the total staked ETH balance exceeds 31 million, reflecting confidence in its fundamental value and positive sentiment.
Reduced exchange reserves indicate there is not much selling pressure in the market. If this downward trend continues, prices could rise further.
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