💥Massive OUTGOING flows of cryptocurrencies were recorded on Binance.
▪️$1.23 BILLION in net outflows were recorded during the past week. ▪️CryptoQuant indicated that ETH withdrawal transactions reached 166,000 in a single day, the HIGHEST number since March 2023.
🚀This is a sign that it is being interpreted as ACCUMULATION by INVESTORS.
In general, there is still no clear reversal in the trend of spot outflows of BTC ETFs. Although there was a capital inflow last week, it remains an isolated occurrence after a prolonged period of outflows.