Cardano Spot Flows Crash by 1917% Amid Market Decline

Cardano's spot flows experienced a significant drop of 1917.11% in just four hours, according to CoinGlass data.

This drastic change in spot flow metrics may indicate increased withdrawals from crypto exchanges, suggesting a rise in buying activity at the time.

The data showed that while $1.19 million flowed into Cardano's spot market, outflows totaled $1.49 million, resulting in a net negative flow of $303,100.

Cardano's price also suffered, declining by 4.60% to $0.166 over the past 24 hours.