[Analysis] "Altcoin Withdrawals Rise on Binance... Indicates Strong Accumulation Trend"

Uk Jin

Summary

It was stated that altcoin withdrawals are increasing on Binance.
This suggests that investors are actively accumulating coins.
In particular, this accumulation trend has been confirmed in several altcoins, including Enjin Coin, FET, GHST, LINK, and ETH.

Withdrawals of altcoins (virtual assets excluding Bitcoin) from Binance, the world's largest cryptocurrency exchange, are on the rise.

On the 12th (KST), CryptoQuant contributor Juang Whetson stated in a report, "An analysis of the Binance altcoin net inflow and outflow heatmap confirmed that the withdrawals of several altcoins exceeded deposits," adding, "This indicates that investors are actively accumulating coins."

Currently, altcoins showing strong accumulation include Enjin Coin (ENJ), Artificial Superintelligence Alliance (FET), Aavegotchi (GHST), Smooth Love Potion (SLP), Gitcoin (GTC), Chainlink (LINK), Illuvium (ILV), 1INCH (1INCH), Curve (CRV), SKALE (SKL), My Neighbor Alice (ALICE), Ethereum (ETH), UMA (UMA), Maker (MKR), Shiba Inu (SHIB), Dogecoin (DOGE), Synthetix (SNX), and Aave (AAVE).

Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.

[Analysis] "Altcoin Withdrawals Rise on Binance... Indicates Strong Accumulation Trend"

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