Gate.io and Bybit Data Reveals Traders Are Done With Risk Assets for Now

Major exchanges Gate and Bybit report significant declines in Bitcoin and Ethereum holdings alongside a 28% surge in USDT balances, reflecting traders' flight to safety as market volatility intensifies and retail participation falls to multi-year lows. source: https://cryptonews.com/news/gate-and-bybit-data-reveals-traders-are-done-with-risk-assets-for-now/