according to blockchain analytics firm sentora (formerly intotheblock), approximately $1.2 billion in ethereum (eth) was removed from centralized exchanges over the week ending on may 13, 2025. this substantial withdrawal occurred amidst fluctuating netflows and rising price momentum, indicating a change in investor behavior throughout the week.
This ongoing pattern of net outflows, which has been intensifying since the beginning of May, suggests a continued trend of accumulation and a decrease in selling pressure.
ETH Exchange Flows Experience Significant Fluctuations, Ending with a Massive One-Day Deposit
From May 6 to May 13, the flow of Ethereum into and out of exchanges varied significantly. The week started with net outflows on May 6, showing more ETH exiting than entering exchanges. However, a sudden spike in deposits occurred on May 7, suggesting a short-lived shift possibly due to profit-taking.
The trend then fluctuated again between May 10 and May 11, with inflows nearing equilibrium. Yet, May 12 saw another net outflow from exchanges, followed by a sharp increase in net inflows on May 13. Blockchain data verified that the inflow on May 13 surpassed $500 million in one day, marking the highest single-day ETH deposit to exchanges since December 2023.
Rising ETH Price Aligns with Volatile Exchange Activity, Trading Volume Spikes
During this period of fluctuating netflow activity, Ethereum (ETH) continued its upward trajectory and price momentum. This indicates that ETH accumulation and active trading were happening simultaneously. Over the week, ETH's price rose by 4.43%, hitting an intraday peak above $2,700 before slightly declining to $2,596.36 at the time of this report.
Data from CoinMarketCap indicated a trading volume surge to $38.04 billion, a 38.73% increase in one day. ETH's market capitalization also grew, reaching $313.45 billion, with the fully diluted valuation closely following at $313.42 billion, suggesting low risk from unlocked tokens.
CoinGlass data revealed consistent outflows from centralized exchanges starting in February 2024, with several days seeing withdrawals exceeding $200 million. The abrupt shift to significant inflows in May, especially on May 13, reflects traders adjusting their positions.
Furthermore, the current volume-to-market cap ratio for ETH is a robust 12.37%, signaling enhanced market liquidity and active trading surrounding Ethereum.
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