Exchange Balances Drop Amid Record Transaction Volumes
The crypto market’s sentiment and liquidity are signaled by stablecoins. They indicate whether the market is bullish or bearish. Following a healthy inflow of stablecoins into exchanges for the first quarter of 2023, a pair of on-chain reports from crypto data intelligence platform Glassnode revealed that stablecoins’ exchange balances dropped in April 2023. This signals … Read more