The exchange netflow of Ether (
Ethereum whales’ heavy deposits onto exchanges continued even in the run-up to the Merge, as the price of ETH rallied prior to the key proof-of-stake transition. The price of Ether dipped after the Merge despite numerous market pundits claiming otherwise, thus confirming the behavioral pattern associated with Ether whale’s exchange deposits. However, the trader concluded that exchange inflow does not necessarily rise before Ethereum prices rise.
