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IntoTheBlock: Net outflow of stablecoins from exchanges in November reached the highest level since April

2024-11-27 18:03:40 2 hours ago CoinRank

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CoinRank News: According to IntoTheBlock data, the net outflow of stablecoins from exchanges in November reached the highest level since April. Analysis shows 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 to the altcoin market or used as reserve funds to wait for entry into the market when the market pulls back in the future.

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