Ethereum's Supply is Showing Promising Movement Off Exchanges, But Tether's Dry Powder Needs to Rebound

📊 Mixed news as far as coin exchange flow as July is coming to a close:

🐂 Bullish: Ethereum just had a 2-month high 80.8K ETH outflow from exchanges. This reflects less risk in future selloffs that could impact ETH's price negatively.

🐻 Bearish: Tether just had a 5-month high 346M USDT outflow from exchanges. This reflects less buying power for future purchases from traders, which is generally a necessary ingredient needed to boost prices in the long run.