Sentora, a DeFi solutions provider, reported this outflow, which may reflect confidence among large holders in Ethereum's ongoing price rally.

These developments come as Ethereum attempts to break out from a month-long price range, highlighting the dynamics of market behavior and investor sentiment.

In addition to the withdrawal activity, Ethereum Futures Open Interest reached an all-time high of approximately $20 billion, indicating growing market interest in Ethereum derivatives.

The cash-margined Open Interest metric, which includes contracts backed by fiat or stablecoins, has also shown rapid growth, suggesting increasing leverage among traders.

Despite the recent surge, the Ethereum price had crossed the $2,800 mark but has since retreated to around $2,750 following the outflows.

This significant outflow suggests a bullish sentiment among investors, as the Exchange Netflow metric indicates that more Ethereum is being withdrawn from exchanges than deposited.

On June 12, 2025, Ethereum experienced its largest daily withdrawal from exchanges in over a month, with net outflows exceeding 140,000 ETH, valued at approximately $390 million.