holdings as they moved $1.3 billion on trading platforms in order to sell. The difference in outflows and inflows for Ethereum is less crucial compared to Bitcoin's netflow.
The netflow of Tether stablecoin remains negative as the demand for it increased during the capitulation of traders on the . Besides market conditions empowering Tether, the de-pegging of UST stablecoin could have led to transferring the trading volume into alternative stable solutions like Tether.An increased pace of inflows shows the reluctance of traders and investors to hold digital assets as they wish to take profits or losses and leave the space. But active selling creates a supply surplus on the market, which leads to a discount and a potential trend reversal.
The number of longs on centralized exchanges also shows a positive dynamic toward the gradual recovery of the market, which suffered a 23% drop in recent days. At press time, Bitcoin trades at $31,809.