UBS: High net worth clients are withdrawing from US dollar assets and turning to cryptocurrencies, gold, and Chinese assets
2025-05-14 05:24
According to Foresight News, Amy Lo, Co Head of Asia Wealth Management at UBS, stated that UBS' high net worth clients are increasingly withdrawing from US dollar assets and turning to gold, cryptocurrencies, and Chinese assets.
According to BlockBeats, on May 14th, crypto analyst ali_charts announced that based on the pricing range, the next key resistance area for Ethereum (ETH) is at $3100, while the main support level is at $2233.
Foresight News reported that Tether CEO Paolo Ardoino announced that he will release content related to Tether Al at the Milan Artificial Intelligence Week today.
According to Sentora monitoring, a total of $1.2 billion worth of Ethereum has been withdrawn from centralized exchanges in the past 7 days. This sustained net outflow trend has been intensifying since early May, indicating that the accumulation behavior of Ethereum in the market is increasing, while seller pressure is decreasing.
According to BlockBeats, on May 14th, Sentora (formerly IntoTheBlock) announced that $1.2 billion worth of ETH has been withdrawn from centralized trading platforms in the past 7 days. Since early May, the net outflow trend has continued to intensify, indicating that the market is continuously hoarding ETH and selling pressure is weakening.
