Analysis: Ethereum On-Chain Token Transfers Spike During Price Drop, Extreme Activity Could Signal Seller Exhaustion
BlockBeats News, February 11th, CryptoOnchain posted on social media that when the Ethereum price dropped to the $2000 range, Token Transfers (14-day moving average) sharply surged to 2.75 million, the highest level since August 2025.
This spike indicates panic selling and a "washout" of weak hands. Historical data shows that such extreme activity often signals a depletion of selling pressure and may indicate a local bottom forming.
Reportedly, Token Transfers (14-day moving average) is an on-chain data metric used to observe the trend and intensity of token transfer activity on the Ethereum (or relevant blockchain) network. It typically refers to the simple moving average of the total number of ERC-20 or similar standard token transfer transactions on the network over the past 14 days.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
For the first time in nearly 30 years! 500 million euros equivalent deployed as funds, New York Fed report confirms joint Japan-US intervention in yen exchange rate
The New York Federal Reserve released a report on Thursday confirming earlier market news that the US Treasury used approximately 500 million USD equivalent in euros, which it holds, to support the Japanese yen in a coordinated intervention with Japan on July 31.
Nearly $600 Million in Crypto Longs Liquidated as Bitcoin and Ethereum Fall to August Lows
Crypto prices
More
