Negative values suggest that we have seen a net sell-side regime since the beginning of April 2023, where Exchange inflows of #Bitcoin and #Ethereum started to exceed those of Stablecoins.

This is a distinct break from the significant buy-side pressure seen in Q1, with buy-side weakening in early April, which coincided with the start of the prevailing market #correction .

#crypto2023 #dyor #Binance