#以太坊投资机会 In the past 24 hours, CEX net outflow was 69,300 ETH, a figure worth noting. Coinbase Pro led the outflow with 72,900 ETH, while Bybit saw an inflow of 2,031 ETH — clearly indicating capital divergence.

From the perspective of holdings concentration, large outflows usually suggest two possibilities: institutions are adjusting their positions or waiting for a better entry point. The continued outflow from Coinbase as a mainstream channel, combined with current market sentiment, hints that large investors are gradually shifting risk.

However, this is not necessarily a negative signal. Net outflow may simply reflect market deleveraging rather than panic selling — both the speed and scale are within manageable limits. More importantly, observe the trend over the next 48 hours: if outflows continue to accelerate and jump in scale, caution is warranted; conversely, if flows stabilize or turn into inflows, it indicates that the bottom support remains intact.

It is recommended to continue monitoring whale wallet movements and large on-chain transfers, as these will reveal true signals earlier than CEX data. At this stage, the data itself does not determine the direction but can help identify critical risk points.