Ethereum sees largest exchange withdrawal in four months amid over $1 billion in ETF net outflows

Santiment reported that approximately 169,770 ETH left centralized exchanges on net on Oct. 23, valued at about $407 million at a $2,400 reference price, marking the largest daily withdrawal in over four months. This supply reading coincides with US spot Ethereum ETFs recording over $1 billion in net withdrawals through Oct. 22, with 14 of 16 sessions being negative, according to Farside Investors' daily data. Furthermore, 27% of major altcoins have beaten Bitcoin over seven days, while 60% of eligible major altcoins outperformed Bitcoin over 90 days, according to Alpha Finance's Oct. 23 tracker.