Ethereum Balance on Exchange at a 3-Month High as ETH Plunges 13% Daily

The cryptocurrency markets are in chaos today as most coins trade in the red. There may be more selling pressure for ETH as the supply of coins on exchanges stands at a three-month peak.

The results didn’t come late. Global markets fell and cryptocurrencies didn’t suffer. Bitcoin fell to $34K while ETH plunged by double-digits. Data from popular analytics provider Glassnode shows that ETH sitting on exchanges reached a three-month high.

The Ethereum balance on exchanges has just reached a three-month high of 14,795,397.786 Ethereum.

Source: Glassnode

Yesterday’s previous high was somewhat unexpected. ETH’s market saw $124 million in liquidations over the last 24 hours. Surprisingly, this is almost the same amount as Bitcoin’s total liquidations in that time period.
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Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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