As Bitcoin shows bearish signs, on-chain activity suggests Ethereum could be on the way to reach its all-time-high before BTC. Ethereum To Reach Its All-Time-High Price Earlier Than Bitcoin? As pointed out by CryptoQuant CEO Ki Young Ju in a post, indicators could suggest ETH will reach its ATH quicker than BTC in the long term. The exchange netflow is an indicator that depends on two metrics: the inflow and the outflow. The former is the total amount of the asset moving from personal wallets to exchanges. While the latter is just the opposite; it’s the total amount of Ethereum (or Bitcoin) exiting exchange wallets. When the value of the inflow goes up, it means more crypto is being sent to exchanges for selling or altcoin purchasing purposes. On the other hand, when the outflow indicator shows an uptick, it implies more investors are interested in hodling their coins, or perhaps selling them through OTC deals. Related Reading | Bullish Signal That Resulted In A 250% Increase In Bitcoin Is Getting Triggered Again The netflow metric for Bitcoin or Ethereum is just the difference of the above two indicators. A positive value shows inflows are overwhelming outflows, thus possibly indicating that there is a selling pressure in the market. Similarly, a negative netflow value may imply there is a buying pressure in the market as the outflows are more than the inflows. Now, here is how the 30-day moving average (MA) netflo...
