#以太坊投资机会 When I saw this set of data, the first thought that came to mind was: don’t rush to buy in.

87,300 ETH net outflow from exchanges sounds like a big event, but after years of navigating this market, I know the biggest risk is being emotionally driven by such data. Outflows ≠ bullish signal; sometimes it’s just chips changing hands, institutions adjusting positions, or simply holders taking profits before running.

A separate outflow of 72,900 ETH from Coinbase Pro? That’s the territory of institutions and big players. Their moves are indeed worth watching, but don’t get it backwards — outflows could mean they’re building a position for the next move, or they could be cashing out profits. Without supporting data, it’s just an isolated candlestick.

Conversely, the inflow on Bybit, a derivatives exchange, usually indicates one thing: market sentiment is shifting. But whether that sentiment is bullish or bearish, whether the main players are inducing a rally or it’s genuine demand, you can’t tell from a single number alone.

My advice is this: instead of betting on the direction based on these flow data, spend time confirming ETH’s fundamentals — network activity, developer movements, macro policies, these solid indicators. Data can be deceptive, but on-chain real usage can’t be fooled. Until a clear trend is confirmed, holding coins is fine; chasing highs is not.

After many years of pitfalls, the deepest lesson I’ve learned is: the more complex the data, the more cautious you should be.