An on-chain analyst and trader says crypto exchanges have been witnessing massive Ethereum outflows since the listing approval of spot ETH<\/a> exchange-traded funds.<\/p>\n Ali Martinez tells his 63,500 followers on the social media platform X that market participants have taken out 777,000 ETH worth $3 billion from crypto exchanges since the U.S. Securities and Exchange Commission (SEC) green-lighted<\/a> spot ETH ETFs last month.<\/p>\n At time of writing, Ethereum is trading at $3,776, a fractional decrease in the past day.<\/p>\n Turning to fellow layer-1 protocol Toncoin (TON<\/a>), the analyst says deep-pocketed investors have been busy moving the altcoin.<\/p>\n \u201cThe number of large Toncoin transactions (over $100,000) has surged by 237.5% in 24 hours!<\/em><\/p>\n This significant increase in TON whale activity suggests a strategic shift in their investments and positions.\u201d\u00a0<\/em><\/p>\n At time of writing, TON is trading at $6.81, down 1.24% in the last 24 hours.<\/p>\n Looking at Bitcoin (BTC<\/a>), Martinez says the crypto king may print a new all-time high if it manages to trade above its diagonal resistance.<\/p>\n \u201cBitcoin appears to be breaking out from a symmetrical triangle! A sustained close above the $69,330 resistance level could send BTC to $74,400.\u201d\u00a0<\/em><\/p>\n At time of writing, Bitcoin is worth $68,938, up 1.56% in the past day.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>   Generated Image: DALLE3<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" An on-chain analyst and trader says crypto exchanges have been witnessing massive Ethereum outflows since the listing approval of spot ETH exchange-traded funds. Ali Martinez tells his 63,500 followers on the social media platform X that market participants have taken out 777,000 ETH worth $3 billion from crypto exchanges since the U.S. Securities and Exchange […]<\/p>\n","protected":false},"author":2,"featured_media":316494,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-316492","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/316492","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=316492"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/316492\/revisions"}],"predecessor-version":[{"id":316498,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/316492\/revisions\/316498"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/316494"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=316492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=316492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=316492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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