Cardano Spot Flows Crash 1917% in Four Hours

The Cardano spot flow metric plummeted by an astonishing 1917.11% in just four hours, sparking concerns about increased withdrawals from crypto exchanges.

This drastic drop in spot flows occurred despite the ongoing decline in the market, with most cryptocurrencies posting losses between 1% and 11%. Cardano itself was down 4.60% in the last 24 hours to $0.166.

The data from CoinGlass shows that while $1.19 million flowed into crypto exchanges as inflows, outflows reached $1.49 million, resulting in a negative net flow of $303,100.