Santiment: 224,410 ETH flowed out of the exchange in a single day, setting a new record for net outflow in 23 months
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Odaily reported that according to Santiment, in the 24 hours from February 8 to 9, approximately 224,410 ETH flowed out of exchanges, which is the largest net outflow of tokens from known exchange wallets in a single day in the past 23 months. While this is more of a long-term indicator, it is a strong signal of the sluggish Dai price. When assets flow out of exchanges, this is usually a reflection of investor confidence. The reduced number of tokens available for public sale also means that the possibility of large-scale sell-offs in the future is relatively small. It pointed out that Dai's performance in 2025 will still largely depend on Bitcoin's own ability to maintain and attempt to rebound to historical high levels.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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