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Altcoin sell pressure has reached a 5-year extreme, with on-chain data showing sustained demand withdrawal from centralized exchanges. This is evident in coins such as BNB, Solana, Cardano, and XRP, which are experiencing significant sell pressure. The extreme sell pressure may have significant implications for the cryptocurrency market, potentially leading to further price declines.
Altcoin sell pressure has reached its most extreme level in five years, according to new on-chain data showing sustained demand withdrawal from centralized exchanges. CryptoQuant analyst IT Tech reports that the cumulative buy-to-sell imbalance for altcoins, …
Altcoin sell pressure has reached its most extreme level in five years, according to new on-chain data showing sustained demand withdrawal from centralized exchanges. CryptoQuant analyst IT Tech rep… [+1885 chars]
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