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DominanceBTC58.86%-0.20%ETH7.72%+0.17%
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Cryptorank
MainNewsAltcoin Sell...

Altcoin Sell-Off Signal? Large Transfers to Exchanges Spark Bearish Concerns


Jan, 30, 2025
< 1 min read
by Anisha Pandey
for CoinEdition
Cryptocurrencies Move to Exchanges Crash Incoming
  • 0.20% of stETH supply along with 0.21% of WLD supply and 0.14% of RSR supply moved to CEXs.
  • The move suggests a possible sale by investors, taking advantage of the recent price rallies. 
  • The total altcoin market cap, except BTC and ETH, hit a high of $1.03 trillion, hitting a resistance wall.

A large amount of altcoins are moving to centralized exchanges, a potentially bearish sign for crypto market participants. Blockchain analysis platform Santiment highlighted the developments for leading altcoins, including Mantra (OM), Worldcoin (WLD), Movement (MOVE), stETH, Reserve Rights (RSR), and Maker (MKR). 

Large inflows of altcoins to exchanges typically indicate that holders may be looking to sell. This can lead to increased selling pressure and potential price declines. There could be multiple reasons for this transfer, including profit-taking, fear of further declines, or macroeconomic events affecting the broader crypto market. 

According to a post on X (formerly Twitter) by Santiment, a substantial 0.21% of WLD supply moved to Bybit along with 0.20% supply of stETH and OM being moved to Bybit and Binance, respectively. Also, 0.14% of the RSR supply went …

The post Altcoin Sell-Off Signal? Large Transfers to Exchanges Spark Bearish Concerns appeared first on Coin Edition.

Read the article at CoinEdition

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SEC vs Ripple Latest: What Recent Twists Mean for XRP’s Future Clarity

SEC vs Ripple Latest: What Recent Twists Mean for XRP’s Future Clarity

As the long-standing legal feud between Ripple Labs and the SEC approaches its potent...
Apr, 04, 2025
< 1 min read
by CoinEdition
Can Ethereum Recover in April After $117M Whale Moves to Exchanges – Price Analysis

Can Ethereum Recover in April After $117M Whale Moves to Exchanges – Price Analysis

Significant amounts of Ethereum (ETH) were shifted to centralized exchanges over the ...
Apr, 04, 2025
< 1 min read
by CoinEdition
MainNewsAltcoin Sell...

Altcoin Sell-Off Signal? Large Transfers to Exchanges Spark Bearish Concerns


Jan, 30, 2025
< 1 min read
by Anisha Pandey
for CoinEdition
Cryptocurrencies Move to Exchanges Crash Incoming
  • 0.20% of stETH supply along with 0.21% of WLD supply and 0.14% of RSR supply moved to CEXs.
  • The move suggests a possible sale by investors, taking advantage of the recent price rallies. 
  • The total altcoin market cap, except BTC and ETH, hit a high of $1.03 trillion, hitting a resistance wall.

A large amount of altcoins are moving to centralized exchanges, a potentially bearish sign for crypto market participants. Blockchain analysis platform Santiment highlighted the developments for leading altcoins, including Mantra (OM), Worldcoin (WLD), Movement (MOVE), stETH, Reserve Rights (RSR), and Maker (MKR). 

Large inflows of altcoins to exchanges typically indicate that holders may be looking to sell. This can lead to increased selling pressure and potential price declines. There could be multiple reasons for this transfer, including profit-taking, fear of further declines, or macroeconomic events affecting the broader crypto market. 

According to a post on X (formerly Twitter) by Santiment, a substantial 0.21% of WLD supply moved to Bybit along with 0.20% supply of stETH and OM being moved to Bybit and Binance, respectively. Also, 0.14% of the RSR supply went …

The post Altcoin Sell-Off Signal? Large Transfers to Exchanges Spark Bearish Concerns appeared first on Coin Edition.

Read the article at CoinEdition

Read More

SEC vs Ripple Latest: What Recent Twists Mean for XRP’s Future Clarity

SEC vs Ripple Latest: What Recent Twists Mean for XRP’s Future Clarity

As the long-standing legal feud between Ripple Labs and the SEC approaches its potent...
Apr, 04, 2025
< 1 min read
by CoinEdition
Can Ethereum Recover in April After $117M Whale Moves to Exchanges – Price Analysis

Can Ethereum Recover in April After $117M Whale Moves to Exchanges – Price Analysis

Significant amounts of Ethereum (ETH) were shifted to centralized exchanges over the ...
Apr, 04, 2025
< 1 min read
by CoinEdition