Ethereum Worth $660 Million Pulled From Exchanges in One Week
Analysis
Price Impact
HighA massive withdrawal of 330,000 eth ($660 million) from exchanges in one week, amidst bearish market conditions, signifies strong accumulation by investors and reduced selling pressure on central exchanges. this often leads to a supply squeeze.
Trustworthiness
HighThe data is sourced from santiment, a reputable on-chain analytics firm, and reported by a popular crypto analyst, ali martinez (ali charts). the magnitude of the withdrawal is significant and directly observable on-chain.
Price Direction
BullishThe substantial withdrawal of eth from exchanges indicates a strong demand for holding rather than selling. this reduced supply on exchanges, coupled with renewed investor interest despite market downturns, typically precedes bullish price movements as it reflects long-term conviction.
Time Effect
LongWhile the immediate price reaction might be gradual, such large-scale accumulation often signals a shift in underlying market sentiment and supply dynamics that can drive sustained price appreciation over a longer period.
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Article Content:
Cover image via U.Today Read U.TODAY on Google News Ethereum set for recovery? Ethereum open interest declines Advertisement Ethereum might finally be headed for a major price breakout as recent on-chain metrics signal rising investor demands despite a recent crypto market downturn. While the negative market conditions have sparked rising selling pressure across the broad crypto market and were well reflected on Ethereum’s performance over the period, momentum appears to be shifting. On Thursday Feb. 12, popular crypto analyst Ali Martinez, showcased data from Santiment, revealing that a massive 330,000 Ethereum have been scooped in major buy attempts in the past week. HOT Stories Morning Crypto Report: XRP Gains Momentum Ahead of CPI, Binance's 15,000 Bitcoin Fund Records First Profit, 3 Key Solana (SOL) Updates for February 2026 Detailed Ripple's CTO Emeritus Calls Bitcoin 'Technological Dead End' 330,000 Ethereum $ETH , worth over $660 million, were withdrawn from exchanges in the past week. pic.twitter.com/CcyYge16wc — Ali Charts (@alicharts) February 12, 2026 While Ethereum has been trading around the $2,000 mark during the period, this massive accumulation saw over $660,000,000 worth of ETH tokens withdrawn from exchanges within seven days. Advertisement Considering the bearish market sentiment during the period, the accumulation has sparked discussion across the crypto market as it signals renewed interest among investors despite the prolonged volatility. Ethereum set for recovery? While the massive Ethereum withdrawal from exchanges signals growing demand and rising buying activities, Ethereum appears to be responding to this metric positively. Advertisement After multiple days of trading in deep red territory, data from CoinMarketCap shows that the asset is finally flashing signs of a potential price recovery as it has surged decently by 1.33% over the last 24 hours. You Might Also Like Tue, 02/10/2026 - 13:53 Ethereum Super Bull? New Whale Opens 16,270 ETH Long By Tomiwabold Olajide While the price increase is moving at a slow pace, investors are optimistic for a more rapid price increase in the near future if momentum returns to the market. Nonetheless, Ethereum is trading $1,966 as of writing time. Ethereum open interest declines Following the mild resurgence seen in the price of Ethereum over the last 24 hours, its futures activities have also shown decent strength. Data from CoinGlass shows that the Ethereum open interest across all exchanges has surged by 2.76% during the same period. The positive open interest accompanied with a slow price surge suggests that the asset is gradually regaining momentum despite broader market downside pressure. Nonetheless, CME futures traders appear to be lagging in contrast to performances pulled off by other exchanges as the Ethereum open interest on CME has slumped by 2.02%. #Ethereum #Ethereum Price Prediction #CME Group news