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Derivative Exchanges See $1.69B Stablecoin Outflow, Are Whales Moving to OTC Desks?

coingape.com 31 May 2021 11:44, UTC

Derivative exchanges registered a massive outflow of $1.69 billion in stablecoin in a rare occurrence. A net outflow of such high magnitude is often seen as a bearish signal as analysts believe traders relocate their stablecoins in anticipation of a possible market correction.

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coingape.com