Key Highlights: Axie Infinity ($AXS) is confronting mounting selling pressure across both spot and perpetual markets following a recent 13% price surge. Spot exchange inflows registered a positive netflow of $1.23 million amid an $8.42 million sell-off, while the perpetual funding rate plunged to -0.0565%. Despite growing short-side pressure, market sentiment sits at 5.46 alongside ...
Key Highlights Ethereum exchange reserves have fallen to a historic low of 3.49% of total supply, with 1.16% withdrawn since June 1, according to Santiment data. Approximately 35% of ETH is now staked, while decentralized finance (DeFi) protocols absorb significant additional supply, reducing centralized exchange liquidity. Analysts caution that declining exchange balances alone do not ...
Dogecoin Whales Accumulate 240M DOGE Amid Correction, But Derivative Selling Pressure Persists Dogecoin ($DOGE) has remained in a retracement phase over the past three weeks, with the price correction showing no immediate signs of ending. The decline mirrors broader weakness across the memecoin sector, where the top ten assets by market capitalization all traded in ...