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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.
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