Analyst: The recent net outflow of over 40,000 ETH from the derivatives exchange may indicate a reduction in selling pressure

ChainCatcher news, CryptoQuant analyst Amr Taha stated that the net outflow from derivative exchanges recently exceeded 40,000 ETH. This may indicate a decrease in ETH selling pressure or a reduction in the amount of loans for new short positions.

Note: The net flow of ETH on derivative exchanges is calculated by the difference between inflows (ETH deposited into the exchange) and outflows (ETH withdrawn from the exchange).