#GoldPricesSoar

According to on-chain data analysis, the demand for crypto assets has significantly declined in the last few days. For instance, #Bitcoin demand remains in contraction mode, even at a higher rate than what was experienced in December 2023.

The overall cash inflow to altcoins led by $ETH Ethereum and $XRP XRP has significantly decreased in the recent past. The U.S. spot Ether ETFs are about to close March with the largest cash outflow since August 2024, of over $400 million. Meanwhile, on-chain data shows whale investors have increased their activity, possibly fleeing to the gold and stablecoins markets to protect capital.