Crypto merchants keep away from threat and shelter in stablecoins because the market reaches a turning level

On-chain analytics agency Glassnode revealed a report hinting that buyers are rotating capital towards risk-off property like stablecoins and . Technicals present that altcoins are at an important turning level between a optimistic and a destructive breakout.

Glassnode’s evaluation of and futures buying and selling volumes reveals that the uptrend that started in the primary quarter of 2023 started cooling off in April, with regulatory issues and a lack of liquidity selling risk-off tendencies amongst merchants.

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