This chart shows the average size of the total coins amount of the top 10 USDT transactions outflow from exchanges.
Observing the trend from 2023 to the present, the decrease in outflows after a strong surge indicates that the large-scale selling pressure on exchanges is diminishing.
This reduction in outflows suggests that investors are more inclined to hold their assets rather than withdrawing cash from the market. This could imply that investor sentiment has turned more positive following the Bitcoin halving event.
Written by 우민규 Woominkyu