Bitcoin And Ethereum Defy Price Slump With Strong Exchange Outflows

The crypto market faced in recent months, as both Bitcoin and Ethereum broke below important support ￰0￱ broke below $110,000, while Ethereum also slipped under $4,000. This downturn triggered billions in liquidations and pushed the Fear and Greed Index into fear territory. However, data from on-chain analytics platform Sentora (formerly IntoTheBlock) reveals that accumulation is quietly ￰1￱ the price declines, exchange outflows for both assets have remained strongly ￰2￱ Reading: XRP Eyeing Explosive Move In Next Few Months, Research Shows Key Weekly Metrics An extended decline carried over from the previous week saw the Bitcoin price falling below $110,000 with increasing selling pressure and liquidations of leveraged positions.

However, despite this sharp move to the downside, on-chain data illustrates an interesting different trend occurring beneath the surface of the ￰3￱ to figures provided by the on-chain analytics platform Sentora, more than $5.75 billion worth of BTC flowed out of centralized exchanges over the course of the ￰4￱ outflow, although small compared to periods of strong bullish action, shows a lingering investor conviction, especially among some investors that might be taking advantage and buying the dip. Ethereum’s price movement over the same period was even more pronounced than that of ￰5￱ price crash saw the leading altcoin break down beneath the psychologically significant $4,000 support level and proceed to briefly test lower zones around $3,850.

Still, despite the depth of this decline, the exchange flow data makes it clear that the bearish price action did not manage to deter accumulation activity across the ￰6￱ $3.08 billion worth of ETH exited exchanges during the week, which serves as evidence of a continued willingness among investors to steadily accumulate Ethereum, even in the face of short-term losses and market ￰7￱ negative price performance, exchange outflows remained strong for both ETH and BTC, indicating accumulation across the market ￰8￱ — Sentora (previously IntoTheBlock) (@SentoraHQ) September 26, 2025 Outflows Drive Exchange Balances To Multi-Year Lows Interestingly, Ethereum last week’s outflows ties into a notable trend that has been developing in recent ￰9￱ shows that Ethereum’s total supply on exchanges has dropped to just 14.8 million ETH, its lowest level since ￰10￱ of this supply has been redirected into staking, long-term cold storage, and DeFi protocols, which have all led to a drastic decline in the ETH on trading ￰11￱ balance on exchanges.) netflow dropped below -40,000 ETH per day, the lowest level seen since February ￰12￱ persistent negative netflow shows that investors have been steadily shifting their ETH away from exchanges and placing it into staking, cold storage, or other long-term holding options.

“Lower exchange balances equals reduced short-term supply,” the analyst ￰13￱ Exchange Netflow Related Reading: When Will XRP Reach $25? Bitcoin Investor Shares A Bold Prediction At the time of writing, Bitcoin was trading at $109,585, while Ethereum traded at $4,011. Featured image from Unsplash, chart from TradingView