Ethereum Loses $80.82M as Dollar Cash-Out Hits $115.37M

Ethereum was the main focus of funds leaving the market. Dollar cash-out also increased to $115.37 million. According to CryptoMeter's data as of 2:30 PM KST on October 20, in the past five hours, legal tender and liquid funds flowed into the cryptocurrency market totaling $3.21 million in USD, $145,000 in KRW, $85,000 in EUR, and $72,000 in BRL.

Among stablecoins, $8.43 million of USDT, $117,000 of USD1, and $73,000 of FDUSD were distributed across various cryptocurrencies. Meanwhile, $184,000 of USDC flowed into the market.

The main inflow items included $4.02 million in G, $255,000 in Bitcoin (BTC), and $196,000 in AVAX. Following were $167,000 in NEAR, $117,000 in Ethereum (ETH), $85,000 in CELR, $82,000 in VVV, and $68,000 in Tron (TRX).

Looking at the five-hour outflow trend, Ethereum (ETH) saw the largest withdrawal of $80.82 million. Other notable outflows included $63.36 million from Bitcoin (BTC), $20.6 million from XRP, $15.38 million from Zcash (ZEC), $12.35 million from Solana (SOL), $5.53 million from SUI, $3.91 million from Dogecoin (DOGE), and $3.18 million from BNB.

Part of the outflow funds consolidated into stablecoins: $129.53 million in USDT and $10.52 million in USDC. Legal tender cash-out flows also appeared, including $115.37 million in USD, $657,000 in KRW, $325,000 in GBP, and $258,000 in EUR.