Ethereum exchanges are drying up quickly as ETH exchange ‘flux’ turns negative for the first time ever.
Flux, by the way, calculates the cumulative net flow of ETH across all exchanges.
A positive flux means there are more ETH deposits, which simply shows people are selling more ETH and buying less.
A negative flux balance, however, indicates more outflows of ETH from exchanges than inflows, suggesting aggressive buying among market participants.
These 150,000 ETH were originally bought for just $0.31, and instead of booking $643M in gains, these whales chose to stake the tokens for steady yields.
This highlights how institutions increasingly view Ethereum as a yield-generating asset rather than just a speculative bet.
A symmetrical triangle typically signals the continuation of a strong bull run. A breakout here could see $ETH quickly reclaim previous highs and march toward $5,500 and beyond.
More importantly, as $ETH rises, so does the broader altcoin market, which often delivers astronomical returns.
If you’re looking to make the most of Ethereum’s upcoming rally, here are a few cryptocurrencies worth watching right now.
$HYPER is building the first true Layer 2 solution for Bitcoin, aimed at turbocharging the network with lightning-fast speeds, ultra-low fees, and full Web3 compatibility.
Why’s this important? Because beyond its appeal as an investment vehicle, Bitcoin doesn’t provide much value to core crypto users: it’s painfully slow, congested, and expensive.
Additionally, a decentralized, non-custodial canonical bridge will let you interact with Hyper’s Web3 environment by converting your native Bitcoin into Layer-2-compatible tokens.
At the moment, 1 $HYPER is priced at just $0.012865, and the project has already raised a whopping $14.1M from early investors.
Maxi is, in fact, Dogecoin’s distant cousin – but the two are anything but close. Dogecoin’s success and ‘cute’ vibe ruined Maxi’s childhood, as his family members were too busy hyping Doge to pay him any attention.
Looking for revenge, Maxi found solace in the gym and in front of the charts.
The plan? Aggressive marketing. Think PR campaigns, influencer collaborations, and social media blitzes.
In fact, the project’s developers have reserved a whopping 40% of the total $MAXI supply for marketing purposes.
Currently in presale, $MAXI has already pulled in over $1.88M from early investors, with each token priced at just $0.000256.
And now, with another run-up on the cards, the token is again showing signs of a potential explosive move to the upside.
It’s up over 16% in the past week, currently trading around $0.06886 – just one big green candle away from its all-time highs.
What’s driving its momentum? Hype and community backing, of course – but $TUT is also one of the few tokens that hits the sweet spot between popularity and utility.
Ethereum exchanges are drying up at a record pace, signaling a never-before-seen interest from deep-pocketed players looking to load up as much of the ‘digital silver’ as possible.
This trend, combined with a potential interest rate cut in September, could send $ETH and other altcoins straight to the moon.
That said, kindly remember that the crypto market is highly volatile and unpredictable. This article is not financial advice. Always do your own research before investing.
