It's been quite the week for Ethereum (ETH) fans! According to the blockchain sleuths at Sentora (who used to go by IntoTheBlock), a whopping $1.2 billion in ETH was yanked out of centralized exchanges in the week ending May 13, 2025. This massive withdrawal came during a time when ETH's netflows were all over the place, and its price was on a bit of a rollercoaster, hinting at some serious shifts in how investors were feeling.
This trend of pulling ETH out of exchanges has been picking up steam since May kicked off, pointing to a growing desire to hold onto ETH rather than sell it off.
From May 6 to May 13, the amount of Ethereum flowing in and out of exchanges was like a seesaw. The week started with more ETH leaving than coming in on May 6. But then, out of nowhere, on May 7, there was a huge spike in deposits, which might have been folks cashing in on some profits.
Things got a bit more balanced between May 10 and May 11, but then May 12 saw another round of ETH leaving exchanges. And just when you thought that was it, May 13 hit with a massive inflow of over $500 million in one day, the biggest single-day deposit since December 2023, according to the blockchain data.
While all this was going on, ETH's price didn't just sit still; it kept climbing. This shows that even with all the back-and-forth with exchanges, people were still eager to buy and trade ETH. Over the week, ETH's price jumped by 4.43%, peaking above $2,700 before settling at $2,596.36.
CoinMarketCap reported a huge spike in trading volume, hitting $38.04 billion, a 38.73% increase in just one day. ETH's market cap also grew, reaching $313.45 billion, with the fully diluted valuation right behind at $313.42 billion, suggesting that there's not much risk from tokens that might be unlocked in the future.
Since February 2024, CoinGlass has been tracking consistent outflows from centralized exchanges, with some days seeing over $200 million in withdrawals. But May, especially May 13, saw a sudden shift to big inflows, showing traders were mixing things up.
Right now, ETH's volume-to-market cap ratio stands at a strong 12.37%, which means there's plenty of action and liquidity in the market for Ethereum.
Just a heads up: this article is here to inform and educate, not to give financial advice. Coin Edition isn't responsible for any losses from using the info, products, or services we mention. So, take your time and think it over before making any moves related to what we've talked about.
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