There was a lot of focus on CRV futures open interest this week due to how quickly it was growing alongside the price of CRV, but now we're starting to see significant outflows of CRV tokens from exchanges!
Yesterday was the biggest daily spot $CRV outflow from exchanges since February 1, 2025!
Notice how strong outflows were in December of 2024, when CRV shot up to $1.30!
Also notice that in 2025 inflows of CRV into exchanges have been minimal and sparse, but how much more consistent outflows have been in the first six months of the year.
If we start to see consistent, rising spot outflows over the next few days and weeks leading up to the inflation reduction in August, that could be a very strong signal that CRV is ready to make a big move above the local high of $1.30 from December of 2024.
$CVX #DeFi
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