Master Market Selling Pressure. $XCN Rebounded After Wintermute Halted Deposits To CEXs
Wintermute continuously deposited $XCN to CEXs without any withdrawal btwn Mar 6 & Mar 22.
Wintermute continuously deposited $XCN to CEXs without any withdrawal btwn Mar 6 & Mar 22.
When a token is transferred from wallets to CEXs, the likely followed-up action is to sell. CEX Flow is considered an alert signal of a token’s sell pressure.
CEX Inflows indicate traders’ intention to sell, while outflows present HODLing emotion.
CEX Flow new function launch! Large amount of FTT, LINK & PAXG tokens transfer to CEXs