ADA holders have withdrawn around $175 million from exchanges since Nov. 22, marking the largest net outflows since September 2021, according to Coinglass. This move signals rising confidence in the token's long-term potential, as investors shift assets to private wallets, reducing the supply available for trading, according to an article by The Defiant. They said these withdrawals often indicate an intent to hold, potentially decreasing selling pressure and supporting price stability or growth. Conversely, exchange deposits typically suggest increased selling activity, which can weigh on prices. Are you bullish on Cardano? Source: The Defiant
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