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The demand for Ethereum withdrawals continues. The latest data from January 17 shows that in the past 24 hours, major exchanges have a total net outflow of 1105.77 ETH, indicating a clear market withdrawal trend.
Specifically, the three exchanges with the largest outflows are: a well-known exchange A with 619.64 ETH outflow, a leading exchange B with 456.22 ETH outflow, and a compliant platform C with 438.73 ETH outflow.
Interestingly, Bithumb defied the trend by inflowing 351.85 ETH, becoming the only inflow among the listed platforms. This also reflects differing attitudes towards ETH across markets.
From on-chain data, this wave of withdrawals may reflect the true actions of market participants under current market conditions: some choose to withdraw for self-custody, while others are seeking better trading opportunities. Regardless of the reason, such fund flow data is an important window into market sentiment.