Bitcoin and Ethereum See Increased Withdrawals from Exchanges as On-Chain Activity Slows
- Bitcoin saw largest weekly net outflow from centralized exchanges in 8 months ($540M)
- Outumuro sees this as a bullish sign for Bitcoin
- Bitcoin fees dropped 32.2% indicating decay of on-chain activity
- Ethereum saw 7th straight week of net outflows from centralized exchanges ($370M)
- Ethereum fees dropped 14.6%