Data from Cryptoquant, the platform for on-chain data analysis shows a sharp decline in exchange activity on Gemini. As reported on its Twitter account, all key indices investigated returned negative signals.
Cryptoquant’s latest report shows that Gemini’s cryptocurrency reserves are currently at multi-year lows. BTC deposits from other exchanges into Gemini are also on the decline. Such reflects the waning confidence among users over the stability of the crypto exchange.
Source: Cryptocurrency - investing.com
