Why Did 140K Ethereum Leave Exchanges in One Day?

12 Jun, 2025

Former SEO Writer

Expertise : Crypto News & Market Analysis, Content Strategy & SEO Writing

Pooja Khardia is a seasoned crypto content writer with 6+ years of experience in writing, including in blockchain, cryptocurrency, DeFi, and digital finance reporting. In her adventure journey, she is currently working with CoinGape Media and leading their Trending Section. Here, she uses her expertise to deliver analytics, market insights, price predictions, and information on what’s trending in the crypto space, aiming to keep the crypto and web3 community updated with market trends and important insights. Known for a user-centric and straightforward writing style, Pooja is passionate about making crypto easy and accessible. Her writing blends market research with storytelling, helping readers stay ahead in a fast-paced industry. When not behind the keyboard, Pooja embraces her creative side through drawing and crafting. Connect with Pooja on LinkedIn or X.

Read full bio

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Why Did 140K Ethereum Leave Exchanges in One Day

Highlights

140k Ethereum were withdrawn from exchanges in 24 hours, signaling investor confidence.
Ethereum ETFs also saw the highest inflows on June 11, totaling $240.7M, and ETH whale activity is high, signaling strong demand.
Despite demand, the Ethereum price has crashed and could descend further if key support breaks.

AD $1M+ Prize pool. Join zoomex champions carnival

Ethereum has faced massive outflows in the last few days, with 140K tokens leaving the exchanges alone in 24 hours. These millions worth of tokens were withdrawn from the exchanges on June 11, marking the largest single-day inflow of the ETH token in nearly a month. However, these are not associated with the price rally, but rather a correction. Let’s discuss the details.

Ethereum Price Crash, But 140K ETH Withdrawal Hint Otherwise

The Ethereum price is struggling amidst the crypto market volatility fueled by the US CPI data release and Claims and PPI data. As the macroeconomic events affect the investors’ trading activities, ETH is declining on charts, currently trading at $2,719.39, with a market capitalization of $328.31B.

Despite the dip, the investors’ confidence in the top altcoin continues to build as 140k ETH tokens, equivalent to $393M, have left exchanges. The number of ETH outflows is higher for the 48-hour interval. Not only that, its Future Open Interest also rose, $40.72B at press time, adding to investors’ demand.

This withdrawal represents investors’ strong confidence in the digital asset, as they moved their tokens from crypto platforms to self-wallets, signaling holding sentiments. With inflow data and other factors, it is certain that the token’s price is moving differently from investor interest.

Ethereum ETF Inflows’ New High, Whale Buying & More

The on-chain reports highlight that the whale activity for the altcoin is significantly high. Even the Bitrue hacker has spent $8.3M to buy 2,999 ETH tokens. In addition, the ETFs are witnessing high inflows, $240.7M on Wednesday alone, marking the highest ETH ETF inflows since February.

Interestingly, the net flows have been positive for 18 consecutive days and even outpace BTC ones. This growing momentum clearly hints at investors’ rising confidence in this asset, which could cater to Ethereum price recovery once the momentum builds.

However, the possibility of further sell-off is higher for the short term. Crypto analyst Muthoni adds that the MVRV indicator is flashing sell signals, as the short-term holders are now sitting on unrealized gains, creating the possibility of profit taking. As a result, the traders may sell their holdings, putting downward pressure on the token’s price.

If ETH price fails to hold $2,410 support, it may crash further to $2,000 unless strong catalysts reverse the trend.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Frequently Asked Questions (FAQs)

1. Why did 140k Ethereum leave exchanges?

The 140k withdrawal signals strong investor interest and confidence as they wish to hold their tokens longer.

2. How are Ethereum ETFs performing amid the price drop?

Ethereum ETFs are showing strong performance with $240.7M in inflows on Wednesday alone.

3. What is the key support level to watch?

The key support level for Ethereum is $2,410, and if the price drops below this, it will crash massively.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.