The post Bitcoin Exchange Inflow Hits $2 Billion As Profit-Taking Phase Lingers appeared com. After days of intense bearish action, the price of Bitcoin appears to be entering a calmer state, as it recovers above the $86,000 level. The latest on-chain data shows that several investors tried to take some profit in the past week, providing a basis for the premier cryptocurrency registering a double-digit loss. Bitcoin Exchange Inflow Spikes As Price Faces Downward Pressure In a recent post on the social media platform X, crypto analyst Ali Martinez revealed that significant Bitcoin amounts were sent to centralized exchanges in the past week. Data from Santiment shows that about $20, 000 BTC (worth nearly $2 billion) has been moved to these exchanges in the past seven days. The relevant indicator in this on-chain observation is the Exchange Inflow metric, which tracks the volume of an asset (in this case, Bitcoin) that flows to centralized exchanges within a specified period. This metric is often important because one of the prominent exchanges’ service offerings is selling. Hence, an increase in the Exchange Inflow metric suggests the potential offloading of an asset by investors. The resulting increased supply of this cryptocurrency in the open market often adds downward pressure on the coin’s price, especially if there is no corresponding increase in demand. In a separate post on X, CryptoQuant’s head of research, Julio Moreno, shared a data piece supporting the recent spike in exchange inflows. According to data highlighted by the crypto researcher, the Bitcoin exchange inflows stood at about 81, 000 BTC (the highest level seen since mid-July) on Friday, November 21. Ultimately, this recent spike in exchange inflows explains the volatility experienced by the price of Bitcoin on Friday. The flagship cryptocurrency succumbed to significant bearish pressure, seeing its price fall to just above $80,000 as the weekend approached. As of this writing, the price of BTC.
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Market Alert: MoonBull Rockets as the Best 100x Crypto to Buy Surges Amid Bearish Market as SOL and DOT Gain Momentum
In a market where bearish trends test every investor’s patience, the hunt for the best 100x crypto to buy has never [.] The post Market Alert: MoonBull Rockets as the Best 100x Crypto to Buy Surges Amid Bearish Market as SOL and DOT Gain Momentum appeared first on Coindoo.
GIGGLE Rises as Open Interest Surges and Buyers Return
The post GIGGLE Rises as Open Interest Surges and Buyers Return appeared com. Giggle Fund’s rebound above $200 confirms a bullish trend with strong technical support Rising open interest signals growing speculative activity and renewed trader optimism Persistent spot outflows reveal lingering investor caution despite improving price action The Giggle Fund (GIGGLE) market has rebounded strongly after weeks of heavy losses, signaling renewed optimism among traders. Following a steep decline from its peak near $287. 96 to a low of $8, the token has now staged a remarkable recovery, reaching $258. 44. The upward momentum aligns with a sharp increase in open interest, reflecting a surge in speculative trading activity and fresh inflows into Giggle Fund’s futures markets. Market Recovery and Trend Formation Giggle Fund’s price structure has turned bullish after reclaiming multiple technical levels. The rebound above $200 has placed the token firmly above all major exponential moving averages, suggesting short-term strength. The 20, 50, 100, and 200 EMA lines, ranging between $107 and $145, have started to slope upward. This alignment shows growing market confidence and potential continuation of the uptrend. Moreover, the 0. 618 Fibonacci retracement level around $147. 99 has transformed into strong support, providing a key defense for bulls. If Giggle Fund maintains its position above $200, analysts expect a possible retest of the $260 to $287 resistance zone. However, a drop below $152 could trigger renewed selling toward $126 or even $87. It jumped from $60 million in late October to $190 million by November 6. This increase indicates traders are re-entering the market aggressively, possibly positioning for another breakout. The correlation between the price recovery and rising open.
Seahawks Release Former Bears Playmaker During Bye Week
The Seattle Seahawks have cut ties with a former third-round draft pick. Wide receiver Tyler Scott was released from the team’s practice squad Friday, according to Aaron Wilson of KPRC 2 Houston. Scott was signed to the practice squad earlier this month but did not appear in a regular-season game for the Seahawks. Scott [.] The post Seahawks Release Former Bears Playmaker During Bye Week appeared first on Heavy Sports.