IntoTheBlock: The net outflow of stablecoins from exchanges in November reached the highest level since April
According to IntoTheBlock data, the net outflow of stablecoins from exchanges in November reached its highest level since April. The analysis points out that, combined with the recent strong price performance of the crypto market, this phenomenon indicates that traders are locking in profits. These outflows are expected to be redeployed into altcoin markets or held as reserve funds waiting for entry during future market pullbacks.
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
Federal Reserve Governor Milan once again calls for a significant rate cut in December
International Business Settlement: Acquired approximately 247 bitcoins between October 17 and November 7
Monad announces tokenomics: total supply of 100 billions tokens, 3% to be distributed via airdrop
Trending news
MoreOverview of Monad Tokenomics: 49.4% of the total supply will be unlocked on the first day of mainnet launch, with 10.8% entering circulation through public sale and airdrop, and 38.5% managed by the Monad Foundation.
Federal Reserve Governor Milan once again calls for a significant rate cut in December
Crypto prices
More
