BTC31011

08/10 01:21

NOT crypto outflows rise, sentiment splits Despit

NOT crypto outflows rise, sentiment splits

Despite the continued price decline, CoinGlass data reflects mixed sentiment.

NOT recorded a $278K outflow as of the 5th of August, a sign that tokens are moving off exchanges, often interpreted as accumulation.

This could reduce immediate sell pressure and support price stability.

These levels are not only major liquidation zones but also areas where traders are significantly over-leveraged.

If the current market sentiment persists and NOT’s price falls to the $0.00193 level, nearly $494.5K worth of long positions will be liquidated.

Conversely, if sentiment shifts and the price rises to $0.00206, approximately $1.17 million worth of short positions will be liquidated.

This asymmetry hints that sellers are still holding the reins for now.

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