IntoTheBlock: The net outflow of stablecoins from exchanges in November reached the highest level since April
Bitget2024/11/27 10:41
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.
1
0
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.
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!
You may also like
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$93,037.65
+0.84%
Ethereum
ETH
$3,455.98
+3.95%
Tether USDt
USDT
$1
-0.01%
Solana
SOL
$233.07
+2.07%
BNB
BNB
$620.38
+0.00%
XRP
XRP
$1.41
+5.62%
Dogecoin
DOGE
$0.3862
+2.87%
USDC
USDC
$1.0000
-0.01%
Cardano
ADA
$0.9837
+8.81%
Avalanche
AVAX
$42.48
+3.66%
Bitget pre-market
Buy or sell coins before they are listed, including ME, XION, OGC, USUAL, and more.
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now