Crypto Express

07/18 03:22

DOGE : Coins pulled off exchanges — Why?

On-chain data reveals continued spot outflows, with a $3.70 million net outflow recorded at the time of writing. This trend reflects reduced selling pressure and possibly growing confidence among long-term holders. 

Typically, outflows signal that investors prefer to self-custody their assets rather than keep them on exchanges, a behavior associated with accumulation phases. 

Therefore, as long as these outflows persist, DOGE could experience a supply squeeze that supports upward price movement, especially if new demand emerges from retail or institutional buyers.

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