Log in

Home
Research
Analysis
Community
  1. Cryptonary
  2. Archived Posts
  3. Over $100 Million in ETH taken off exchanges in the last day
News

Over $100 Million in ETH taken off exchanges in the last day

Updated: Aug 23, 2024
Published: Jan 23, 2021
0
Share:

Over 83,000 ETH were taken off exchanges in the last 24 hours. This increased the portion of ETH outside of centralised exchanges to over 80%. At today's price of $1,220 per ETH, these amount to over $102,000,000.

Post Feature Image

Bitfinex had the largest outflow (78,000+ ETH) while Huobi had the largest inflow of (28,000+ ETH).

[caption id="attachment_24587" align="aligncenter" width="1574"]size-full wp-image-24587 ETH 24H Outflow[/caption]

Exchange Outflows

It is often viewed as a "bullish" factor for crypto-assets to be withdrawn in large amounts from exchanges, effectively reducing the supply available to trade on the centralised entities where the majority of the volumes still occur.

As an example, BTC began flying off the shelves since the Black Thursday crash (12 March 2020).

[caption id="attachment_24585" align="aligncenter" width="1686"]size-full wp-image-24585 BTC Inflows/Outflows[/caption]

Post-crash and outflows, as the supply reduction began on exchanges and the demand increased that set an off-balance which triggered a price rally.

Ethereum Development & Increased Interest

Over the past few months, Ethereum has seen major developments; the most important of which was the launch of Ethereum 2.0. Phase 0 was launched, with Phase 1 and Phase 2 (final) coming over the next couple years – estimate.

The migration from Proof-of-Work to Proof-of-Stake is meant to both reduce electricity consumption by the network and increase throughput. The latter is temporarily being solved by Layer-2 scalability protocols such as Optimism; using Optimistic Rollups. This means that even though Ethereum 2.0 is not fully developed, the community is finding workarounds for both scalability and fees.

Institutional interest also showed early signs of strength over the past few months. In mid-October, Grayscale’s Ethereum Trust (ETHE) owned 2% of the supply, with that number increasing by $200 Million in between mid-November and mid-December alone; signaling institutional interest. Additionally, an ETH Exchange Traded Fund (ETF) was being launched on the Toronto Stock Exchange which would make gaining exposure to the underlying much easier for traditional finance investors.

Continue reading by joining Cryptonary Pro

Save 35%

$1,548 $997/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

As a Cryptonary Pro subscriber, you also get:

  • 3X Value Guarantee - If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund. Terms

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

3X Value Guarantee

If cumulative documented upside does not reach 300% during your 12-month membership, you can request a full refund.

Terms & Conditions apply

Star

Trusted by 300,000+ investors

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut through the noise and consistently find winning assets.

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
/images/advertorial/corpcomm1.webp
/images/advertorial/corpcomm2.webp
/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp
/images/advertorial/corpcomm6.webp
/images/advertorial/corpcomm1.webp
/images/advertorial/corpcomm2.webp
/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp
/images/advertorial/corpcomm6.webp
/images/advertorial/corpcomm1.webp
/images/advertorial/corpcomm2.webp
/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp
/images/advertorial/corpcomm6.webp

Frequently Asked Questions

Can I trust Cryptonary's calls?

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

Do I need to be an experienced trader or investor to benefit?

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

What makes Cryptonary different from free crypto content on YouTube or Twitter?

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

Why is there no trial or refund policy?

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Do I get direct access to the Cryptonary team?

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

How often is content updated?

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

How does the 3X Value Guarantee work?

We stand behind the value of our research. If the documented upside from our published research during your 12-month membership does not exceed three times (3X) the annual subscription cost, you can request a full refund. Historical context: In every completed market cycle since 2017, cumulative documented upside has exceeded 10X this threshold.

Terms
Recommended from Cryptonary
BTC, ETH and More: Relief Bounce in Play
PRO
Market Direction
BTC, ETH and More: Relief Bounce in...Downside targets across majors have been fulfilled, and price is attempting to hold key support zone...
10 min read
Feb 13, 2026
Market Pulse: Inflation Undershoots Forecast, Rate Cut Odds Rise
PRO
Market Pulse
Market Pulse: Inflation Undershoots...Inflation prints delivered a slight downside surprise, opening the door for Fed cuts sooner than exp...
3 min read
Feb 13, 2026
Market Pulse: Jobs Data Surges, Rate Cut Odds Recede
PRO
Market Pulse
Market Pulse: Jobs Data Surges, Rat...Nonfarm payrolls smashed expectations, sending traders scrambling to reprice rate cut timelines. Wit...
3 min read
Feb 11, 2026
Is Crypto Dead? The Survival Playbook for 2026
PRO
Research Report
Is Crypto Dead? The Survival Playbo...Since October 10, crypto has been in a different regime. Bitcoin went from $126,000 to $60,000 in fo...
14 min read
Feb 18, 2026
BTC, ETH and More: Downside Risks Grow Across Majors
PRO
Market Direction
BTC, ETH and More: Downside Risks G...Relief rallies are becoming weaker. Each push into resistance is seeing less expansion, shorter foll...
12 min read
Feb 17, 2026
Market Update: What We're Watching This Week?
PRO
Market Updates
Market Update: What We're Watching ...This is where patience pays. Macro conditions are slowly aligning, but price action is still trapped...
7 min read
Feb 16, 2026
BTC, ETH and More: Relief Bounce in Play
PRO
Market Direction
BTC, ETH and More: Relief Bounce in...Downside targets across majors have been fulfilled, and price is attempting to hold key support zone...
10 min read
Feb 13, 2026
Market Pulse: Inflation Undershoots Forecast, Rate Cut Odds Rise
PRO
Market Pulse
Market Pulse: Inflation Undershoots...Inflation prints delivered a slight downside surprise, opening the door for Fed cuts sooner than exp...
3 min read
Feb 13, 2026
Market Pulse: Jobs Data Surges, Rate Cut Odds Recede
PRO
Market Pulse
Market Pulse: Jobs Data Surges, Rat...Nonfarm payrolls smashed expectations, sending traders scrambling to reprice rate cut timelines. Wit...
3 min read
Feb 11, 2026
Is Crypto Dead? The Survival Playbook for 2026
PRO
Research Report
Is Crypto Dead? The Survival Playbo...Since October 10, crypto has been in a different regime. Bitcoin went from $126,000 to $60,000 in fo...
14 min read
Feb 18, 2026
BTC, ETH and More: Downside Risks Grow Across Majors
PRO
Market Direction
BTC, ETH and More: Downside Risks G...Relief rallies are becoming weaker. Each push into resistance is seeing less expansion, shorter foll...
12 min read
Feb 17, 2026
Market Update: What We're Watching This Week?
PRO
Market Updates
Market Update: What We're Watching ...This is where patience pays. Macro conditions are slowly aligning, but price action is still trapped...
7 min read
Feb 16, 2026
BTC, ETH and More: Relief Bounce in Play
PRO
Market Direction
BTC, ETH and More: Relief Bounce in...Downside targets across majors have been fulfilled, and price is attempting to hold key support zone...
10 min read
Feb 13, 2026
Market Pulse: Inflation Undershoots Forecast, Rate Cut Odds Rise
PRO
Market Pulse
Market Pulse: Inflation Undershoots...Inflation prints delivered a slight downside surprise, opening the door for Fed cuts sooner than exp...
3 min read
Feb 13, 2026
Market Pulse: Jobs Data Surges, Rate Cut Odds Recede
PRO
Market Pulse
Market Pulse: Jobs Data Surges, Rat...Nonfarm payrolls smashed expectations, sending traders scrambling to reprice rate cut timelines. Wit...
3 min read
Feb 11, 2026
Research
Top PicksDeep DivesPassive IncomeAirdrop Reports
Analysis
Market UpdatesMarket DirectionMarket PulseLivestreams
Tools
Market DirectionAssets & PicksAirdropsPortfolio Tracker
Cryptonary
Affiliate programEducationPrivacy PolicyTerms & ConditionsContact UsWrite for usTeam
Stay connected
Disclaimer: The information provided on this website is for educational and informational purposes only and does not constitute financial, investment, legal, or tax advice. Cryptonary is not a licensed financial advisor. All content is shared without any guarantee of accuracy or completeness. You are solely responsible for your investment decisions. Always do your own research and consult with a licensed professional before making financial choices. Past performance is not indicative of future results.

×
popupimage
Our Latest Utility Token Research ReportPreviously locked for Pro members, now available to read in full.
  • tickThe utility token we're tracking closely
  • tickWhy we believe it's still early in the cycle
  • tickWhat we're watching to confirm a structural shift
​
Netherlands

No spam. No hype. Just the research.