Ethereum sees $53.66M outflow in 5 hours, Zcash leads inflows with $21M
- —Ethereum outflow over 5 hours was $53.66 million
- —Zcash inflow was $21 million, Bitcoin $17.07 million
- —$48.06 million USDT was allocated to stablecoins
- —Fiat outflows: $57.63 million USD and $3.04 million KRW
Why it matters: The large outflow from ETH alongside inflows into ZEC and BTC points to capital rotation in favor of privacy coins and bitcoin.
Source: TokenPost