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Crypto Exchanges See Low Selling Pressure Even as Prices Surge: CryptoQuant

  • Recent surge in prices of major crypto assets have not led to high selling pressure among investors, as indicated by decreased flows to crypto exchanges.
  • Bitcoin, ether, and XRP are experiencing significantly reduced inflows and deposits on exchanges despite nearing all-time highs, implying investors are more inclined towards holding than selling.
  • BTC inflows to exchanges have dropped from 121,000 to 22,000 daily, while ETH inflows fell 70% and XRP deposits declined from 4 billion to 46 million.
  • Amid this trend, Tether (USDT) reserves on exchanges have reached an all-time high of $46.9 billion, contributing to increased market liquidity.

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