Key Highlights: Shiba Inu ($SHIB) active addresses increased by 1.01% to reach 165,200 alongside ongoing exchange outflows. Derivatives show modest leverage with low 24-hour liquidations of $28,800, heavily dominated by short liquidations totaling $26,230. Crucial price support sits at $0.00000494, while sustaining current netflow trends could set up an attempt toward $0.0000052. On-chain metrics and ...
Key Highlights: Data Vintage Matters: On-chain data providers such as Coin Metrics, CryptoQuant, and Glassnode frequently restate historical metrics due to retrospective wallet attribution, necessitating rigorous tracking of data vintages for backtesting. Standard vs. Point-in-Time (PIT): Reconstructed historical metrics incorporating later entity discoveries can artificially inflate backtest performance compared to true PIT datasets reflecting only ...
Key Highlights Bitmine, chaired by Tom Lee, withdrew 12,500 ETH worth approximately $34.55 million from Kraken exchange, per on-chain data from Lookonchain. The transfer implies an Ethereum price of roughly $2,764 at the time of the transaction and aligns with Bitmine’s stated Ethereum-focused treasury strategy. Analysts caution that exchange withdrawals do not conclusively confirm new ...
Shiba Inu Exchange Outflows Surge as SHIB Tests Critical Support Zone Shiba Inu ($SHIB) is approaching a pivotal technical support area while exchange data reveals a significant shift in token distribution. Recent on-chain metrics show hundreds of billions of SHIB tokens exiting centralized exchanges, a development that typically reduces immediate sell-side pressure and could provide ...
A Cumberland-linked wallet has accumulated 3.5 million $PONS tokens, valued at approximately $2.78 million, signaling institutional demand amid persistent exchange outflows that continue to tighten available supply. According to on-chain analytics platform Lookonchain, the wallet withdrew the tokens from Gate at an average acquisition price of roughly $0.80, moving a significant position off the exchange ...
$EDGE Faces Supply Pressure From $2.27M KuCoin Deposit Amid Sustained Exchange Outflows $EDGE encountered renewed supply pressure this week as a $2.27 million deposit to KuCoin clashed with persistent net exchange outflows and a recovering price structure. According to a prominent market analyst on X, the tokens originated from a bridge contract before moving through ...