$2.68 Billion Exits Crypto Exchanges
Supreme Court Clears US Sale Of Silk Road Bitcoin, FTX Creditors To Receive Refunds
Crypto exchanges saw capital outflows totaling $2.86 billion over the past month, with stablecoins leading.
According to Defillama's CEX transparency dashboard, 9 out of 10 monitored exchanges had negative inflows.
Nansen's data shows stablecoin balance has declined from $38.5 billion to $35 billion. This could signal that investors aren't adding to their portfolios.
BlackRock's Bitcoin ETF has had 256 Bitcoin withdrawn, according to CryptoQuant.
While stablecoin outflows and Bitcoin balances declining in ETFs tell that October might not show significant gains, analysts seem to think Q4 will be positive for Bitcoin.
Market Update
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