Dogecoin Drops Deeper As Whales Make Massive Moves
Submitted by Anonymous (not verified) on Thu, 06/15/2023 - 17:30Dogecoin has extended its decline today as on-chain data shows the whales have been actively making large moves in the past day.
Dogecoin has extended its decline today as on-chain data shows the whales have been actively making large moves in the past day.
Data shows Tether (USDT) has recently observed growth in its dominance, while USD Coin (USDC) and others have lost market share.
On-chain data shows the Bitcoin supply on exchanges has fallen to a value of just 6.4%, which is the lowest level in more than five years.
Cardano has observed some rise since hitting a low around the $0.23 level following the FTX collapse.
Here’s how the Binance and Coinbase reserves of Bitcoin, Ethereum, and stablecoins have changed since the US SEC sued the exchanges.
On-chain data shows the 7-day Bitcoin mining hashrate has continued to hit new all-time highs despite the FUD going around in the market.
On-chain data shows that Bitcoin long-term holders don’t care too much about the ongoing market FUD as their exchange inflows remain very low.
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On-chain data shows Binance has continued to observe Bitcoin outflows amid recent uncertainty. Is this something you should worry about?
On-chain data shows the trading volumes of large assets like Bitcoin and Ethereum have observed a surge toward one-month-highs.
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