Crypto traders avoid risk and shelter in stablecoins as the market reaches a turning point By Cointelegraph

On-chain analytics firm Glassnode published a report hinting that investors are rotating capital toward risk-off assets like stablecoins and . Technicals show that altcoins are at a crucial turning point between a positive and a negative breakout.

Glassnode’s analysis of and futures trading volumes reveals that the uptrend that began in the first quarter of 2023 began cooling off in April, with regulatory concerns and a lack of liquidity promoting risk-off tendencies among traders.