Log in

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It is often viewed as a "bullish" factor for crypto-assets to be withdrawn in large amounts from exchanges, effectively reducing the supply available to trade on the centralised entities where the majority of the volumes still occur.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

100% Success Money Back Guarantee

If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Terms & Conditions apply

Star

Trusted by 300,000+ traders

Take your next step towards crypto success

Save 50%

$799/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.

What’s included in Pro:

  • Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked

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

  • All of our top token picks for 2025

  • Our latest memecoins pick with 50X potential

  • 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)

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 success guarantee work?

If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Recommended from Cryptonary
BTC, ETH and More: Oversold Bounces or Breakdown?
Market Direction
BTC, ETH and More: Oversold Bounces...Price action across majors has compressed into key higher-timeframe support. Conditions for a powerf...
8 min read
Nov 24, 2025
This Week's Setup: 24th of November
PRO
Market Updates
This Week's Setup: 24th of NovemberMarkets rarely move in straight lines, and this week is no exception. With sentiment shifting and vo...
10 min read
Nov 24, 2025
Are We Near a Market Bottom?
PRO
Research Report
Are We Near a Market Bottom?Fear is at extreme highs, stables are heavy, and Bitcoin dominance just took a hit. Are these signs ...
15 min read
Nov 23, 2025
Market Update: Are New Lows About to Hit?
PRO
Market Updates
Market Update: Are New Lows About t...Pressure is building, fear is rising, and the chart is winding up for a decisive move. The question ...
2 min read
Nov 26, 2025
Portfolio Allocation: How to Grow from $0 to $1M+
PRO
Research Report
Portfolio Allocation: How to Grow f...The structure of your portfolio should always reflect the size of your portfolio. Smaller accounts b...
16 min read
Nov 25, 2025
Market Pulse: HYPE Faces Its Biggest Unlock Yet
Market Pulse
Market Pulse: HYPE Faces Its Bigges...This week’s massive HYPE unlock sets the stage for supply-driven volatility, as protocol buybacks la...
3 min read
Nov 24, 2025
BTC, ETH and More: Oversold Bounces or Breakdown?
Market Direction
BTC, ETH and More: Oversold Bounces...Price action across majors has compressed into key higher-timeframe support. Conditions for a powerf...
8 min read
Nov 24, 2025
This Week's Setup: 24th of November
PRO
Market Updates
This Week's Setup: 24th of NovemberMarkets rarely move in straight lines, and this week is no exception. With sentiment shifting and vo...
10 min read
Nov 24, 2025
Are We Near a Market Bottom?
PRO
Research Report
Are We Near a Market Bottom?Fear is at extreme highs, stables are heavy, and Bitcoin dominance just took a hit. Are these signs ...
15 min read
Nov 23, 2025
Market Update: Are New Lows About to Hit?
PRO
Market Updates
Market Update: Are New Lows About t...Pressure is building, fear is rising, and the chart is winding up for a decisive move. The question ...
2 min read
Nov 26, 2025
Portfolio Allocation: How to Grow from $0 to $1M+
PRO
Research Report
Portfolio Allocation: How to Grow f...The structure of your portfolio should always reflect the size of your portfolio. Smaller accounts b...
16 min read
Nov 25, 2025
Market Pulse: HYPE Faces Its Biggest Unlock Yet
Market Pulse
Market Pulse: HYPE Faces Its Bigges...This week’s massive HYPE unlock sets the stage for supply-driven volatility, as protocol buybacks la...
3 min read
Nov 24, 2025
BTC, ETH and More: Oversold Bounces or Breakdown?
Market Direction
BTC, ETH and More: Oversold Bounces...Price action across majors has compressed into key higher-timeframe support. Conditions for a powerf...
8 min read
Nov 24, 2025
This Week's Setup: 24th of November
PRO
Market Updates
This Week's Setup: 24th of NovemberMarkets rarely move in straight lines, and this week is no exception. With sentiment shifting and vo...
10 min read
Nov 24, 2025
Are We Near a Market Bottom?
PRO
Research Report
Are We Near a Market Bottom?Fear is at extreme highs, stables are heavy, and Bitcoin dominance just took a hit. Are these signs ...
15 min read
Nov 23, 2025
Research
Top PicksDeep DivesPassive IncomeAirdrop ReportsCrypto Research
Analysis
Market UpdatesMarket DirectionMarket PulseLivestreams
Tools
Market DirectionAssets & PicksAirdropsPortfolio Tracker
Cryptonary
Affiliate programEducationPrivacy PolicyTerms & ConditionsContact UsWrite for us
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.

×

Don't Miss The Next 100X

We called major winners like

BTC

BTC

120X

ETH

ETH

270X

SOLANA

SOLANA

30X

Get our next high-conviction setup + weekly research free.

Join 300,000+ investors and traders who've been following us since 2017.

​
Netherlands

Free forever. Unsubscribe anytime. No credit card required.