5 large trades – sold WETH to buy WBTC. The avg buy price is $23,000.
$1 million WBTC withdrew from CEX (FTX & Coinbase) to wallet.
Tokens withdrew from CEX back to the wallet indicates the traders tend to hold or stake the tokens instead of selling them.
UNI - Will The Price Up Continue?
UNI price +64.8% in the past 30 days. In the past 3 days, it has been up from $8.3 to $9.35. Will this uptrend continue?
The surge on Aug 3 Net Buy Amount pushed the UNI price to $9.35.
It is clearly shown on the below chart, the Aug 4 Net Buy Amount is much smaller compared to Aug 3 Net Buy Amount.
At the price of $8.66, the sellers are active.
For Alpha traders, it is a MUST to check through different metrics to validate the signals.
Trading vol surged at the price of $8.66. 61% are large trades.
Also, the Turnover Rate surged at the same price $8.66.
So bear or bull? Check the Net Buy Amount indicator (1D/5min resolution), go to Aug 4 08:10 UTC. At that 5min, the Net Buy Amount is negative.
Combining these 3 metrics, it can tell that when the UNI price went down to $8.66, it triggered traders’ sell actions.
Large Value CEX Deposits Alerts
$4M value of SHIT shitcoin was deposited to Huobi & MEXC.
$1M value of JASMY was deposited to MEXC.