#以太坊投资机会 The net outflow of 69,300 ETH from CEXs in the past 24 hours is worth a close look. Coinbase Pro alone saw an outflow of 72,900 ETH, while Bybit had an inflow of 2,031 ETH, indicating large holdings are making directional adjustments.

This phenomenon of increased concentration usually occurs in two scenarios: one is pre-accumulation by institutions before building positions, and the other is divergence in short-term trend expectations. The key lies in the destination of the outflows—large outflows from Coinbase Pro often accompany holders exiting or transferring positions, rather than simple withdrawals.

From an on-chain perspective, net outflows are generally neutral signals, but they need to be compared against the current price range and historical outflow scales. If this outflow occurs at relatively low levels, it usually indicates someone is buying the dip; if at high levels, it may suggest profit-taking. Also, pay attention to subsequent wallet activity—whether these outflowing ETH are consolidating among major addresses or continuing to disperse.

Keep monitoring the liquidity situation on CEXs over the next 48 hours, especially changes in balances on major exchanges, as this will further confirm whether the current phase is accumulation or distribution.