Outflows from crypto ETPs have slowed…
📉 Exchange traded crypto products (ETPs) recorded weekly outflows of $187 million, significantly lower than $3.43 billion over the previous two weeks.
✅ At the same time, a record trading activity was observed $ 63.1 billion, compared with the previous high of $56.4 billion in October last year.
The reduction in outflows combined with the sharp increase in trading may indicate that the market bottom has been reached, according to James Butterfill, Head of Research at CoinShares.
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