The post Ethereum Sees $181,000,000 in Exchange Outflows Ahead of Historically Strong Months appeared first on Coinpedia Fintech News

Ethereum saw around 110,000 ETH ($181 million) moved off exchanges on Wednesday in the largest single-day outflow since August, according to on-chain data firm Santiment. The amount of ETH now held off exchanges sits at an all-time high of 115.88 million.

This significant transfer of ETH comes right before the crypto market enters a historically favorable period in December and January. According to analyst Altcoin Sherpa, these two months show strong performance for Bitcoin and Ethereum.