Markets· ★★· bearish· September 30, 12:30

ALGO sees $33.2M outflow in 5 hours, outpacing Bitcoin

—ALGO outflow hit $33.23M over 5 hours, versus $33.21M for BTC
—ETH drew $10.22M, QNT $6.35M and XRP $6.09M in inflows
—USDT and USDC absorbed $41.04M and $37.79M of outflows
—Fiat inflows: USD $19.26M, BRL $2.23M, KRW $0.93M

Why it matters: The outsized ALGO outflow, on par with Bitcoin's, points to concentrated selling pressure in that asset.

#ALGO #BTC #ETH #QNT

Source: TokenPost

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