ETH up 5.37% — what’s behind it?
This movement reflects capital seeking opportunities amid stablecoins’ net outflow of $911.4 million in 24 hours.
The total stablecoin supply across the market reached $296.22 billion.
A net outflow of $911.4 million in 24 hours signals selling pressure.
Ethereum saw $1.12 billion in outflows, while Solana had $473 million withdrawn.
However, Tron received $319.9 million in inflows and BSC attracted another $117.3 million, highlighting a sharp divergence.
Technically, $ETH is currently the most volatile coin (+5.37%) among the three being tracked.
It outperformed $ARB (+2.98%) and $DOT (+1.059%).
ETH trading volume reached 783.8 million USDT, the highest among the three coins.
ARB recorded 9.9 million USDT, while DOT had just 4.5 million USDT.
BTC’s global open interest reached $38.56 billion.
Binance Futures held $7.75 billion, equivalent to 20.1% of the total.
Bybit Futures followed with $5.44 billion, and Gate Futures with $4.54 billion.
News [T1] about an exploit that led to a $6.3 billion incident has made the market more alert to security risks.
Meanwhile, BTC, SOL, and PEPE are being widely discussed around the world.
Which opportunity are you leaning toward: capital flowing out of stablecoins or growth among L1s?
If you’ve read this far and found it useful, give us a follow!
This movement reflects capital seeking opportunities amid stablecoins’ net outflow of $911.4 million in 24 hours.
The total stablecoin supply across the market reached $296.22 billion.
A net outflow of $911.4 million in 24 hours signals selling pressure.
Ethereum saw $1.12 billion in outflows, while Solana had $473 million withdrawn.
However, Tron received $319.9 million in inflows and BSC attracted another $117.3 million, highlighting a sharp divergence.
Technically, $ETH is currently the most volatile coin (+5.37%) among the three being tracked.
It outperformed $ARB (+2.98%) and $DOT (+1.059%).
ETH trading volume reached 783.8 million USDT, the highest among the three coins.
ARB recorded 9.9 million USDT, while DOT had just 4.5 million USDT.
BTC’s global open interest reached $38.56 billion.
Binance Futures held $7.75 billion, equivalent to 20.1% of the total.
Bybit Futures followed with $5.44 billion, and Gate Futures with $4.54 billion.
News [T1] about an exploit that led to a $6.3 billion incident has made the market more alert to security risks.
Meanwhile, BTC, SOL, and PEPE are being widely discussed around the world.
Which opportunity are you leaning toward: capital flowing out of stablecoins or growth among L1s?
If you’ve read this far and found it useful, give us a follow!
