ETH Price Remains Strong Above $2.5K Despite Wild Exchange Flows & Huge $1.2B Withdrawal

According to blockchain analytics firm Sentora (formerly IntoTheBlock), nearly $1.2 billion worth of Ethereum (ETH) was withdrawn from centralized exchanges during the seven days ending May 13, 2025. This large-scale movement coincided with uncertain netflows and increasing price momentum, signaling shifting investor approaches across the week.

$1.2 billion worth of ETH has been withdrawn from centralized exchanges in the past 7 days.

This sustained trend of net outflows, intensifying since early May, signals continued accumulation and reduced sell-side pressure. pic.twitter.com/fMYJmPOnB0

— Sentora (previously IntoTheBlock) (@SentoraHQ) May 14, 2025

ETH Exchange Flows Fluctuate Wildly, Culminating in Huge One-Day Deposit

Between May 6 and May 13, Ethereum’s exchange flows shifted between inflows and outflows. The week began with negative netflows on May 6, indicating that more ETH left exchanges than entered. However, on May 7, there was a sudden increase in deposits, reflecting a brief reversal likely tied to profit-taking.

The pattern then shifted again between May 10 and May 11, when inflows approached neutral levels. But May 12 registered another net outflow from exchanges, followed by a dramatic rise in net inflows on May 13. Blockchain data confirms this May 13 inflow exceeded $500 million in a single day, marking the largest one-day ETH deposit to exchanges since December 2023.

Rising ETH Price Parallels Volatile Exchange Activity, Volume Surges

Ethereum (ETH) maintained an upward trend and price momentum during this period of fluctuating netflow behavior. This suggests that underlying ETH accumulation and active trading activity were occurring concurrently. ETH recorded a price increase of 4.43% over the observed week, reaching an intraday high above $2,700 before a slight pullback to trade at $2,596.36 at the time of writing.

Source: CoinmarketCap

CoinMarketCap data showed that trading volume rose to $38.04 billion, an increase of 38.73% in a single day. ETH’s market capitalization also increased, reaching $313.45 billion, while the fully diluted valuation matched closely at $313.42 billion, reflecting minimal unlocked token risk.

Volatility Signals Possible Repositioning

Data from CoinGlass showed consistent outflows from centralized exchanges beginning in February 2024, with multiple days recording over $200 million in withdrawals. The sudden transition to strong inflows in May, particularly on May 13, shows traders repositioning.

Source: Coinglass

Additionally, the current volume-to-market cap ratio for ETH stands at a healthy 12.37%, indicating increased market liquidity and active trading around Ethereum.

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