ETH Leads 24‑Hour Spot Outflows; Smaller Caps See Selective Inflows — Coinglass
Coinglass data reported via COINOTAG on November 30 shows Ethereum (ETH) recorded the largest 24‑hour net spot outflow at $139 million. Other notable outflows included Bitcoin (BTC) with $60.75 million, XRP $39.25 million, Solana (SOL) $37.38 million, and Zcash (ZEC) $11.58 million. On the inflow side, smaller and mid‑cap tokens drew buying interest: ENA $5.48 million, Cardano (ADA) $3.92 million, Binance Coin (BNB) $2.22 million, MNT $1.52 million, and Bitcoin Cash (BCH) $1.33 million. The flow pattern signals mixed market sentiment — large caps seeing net selling while selective capital rotates into niche assets. Traders should interpret these spot flows alongside on‑chain metrics and risk management strategies to assess potential near‑term volatility and liquidity shifts.
Neutral
The data show significant net outflows from major caps (ETH, BTC) while smaller tokens register modest inflows. Large-cap outflows can exert short-term downward pressure on prices and increase volatility, especially if they reflect institutional reallocations or risk-off flows. However, the inflows into select altcoins indicate capital rotation rather than broad market liquidation, which tempers systemic downside risk. Historically, concentrated outflows from ETH or BTC have preceded short-term corrections but not necessarily prolonged bear phases unless accompanied by macro shocks or worsening on‑chain fundamentals. For traders: expect heightened short-term volatility for ETH and BTC, potential relative strength pockets among smaller caps mentioned, and the need to monitor orderbook depth, funding rates, futures liquidations, and on‑chain transfer activity to time entries or hedge positions. Overall impact is neutral — bearish pressure on large caps balanced by selective buying in niche assets.