12 Altcoins Flash Accumulation Signals as 6 Others
#World Cup Predictions: 100,000 USDT Daily #HTX Invites You to Share 600K USDT in Gift Packs #BTC Prophet: 20-Day 380 Million HTX Challenge 12 Altcoins Flash Accumulation Signals as 6 Others See Exchange InflowsAnalysis Highlights Accumulation Signals in Select Tokens
An analysis shared by Cryptoquant on June 23 showed a split in positioning on Gate crypto exchange, with select altcoins recording stronger outflows than inflows while other cryptocurrencies attracted increased deposits. The findings were based on the Gate Netflow Heatmap, which tracks inflows and outflows across multiple crypto assets.
The data showed a group of tokens recording stronger outflows than inflows, a pattern often associated with accumulation activity.
The analyst explained:
“Some altcoins are leaving Gate more than others. This may be an early sign of accumulation.”
The analysis identified several assets showing stronger outflows than inflows, including voyager token (VGX), amp (AMP), 0x (ZRX), the sandbox (SAND), quant (QNT), yearn.finance (YFI), YFF, chiliz (CHZ), aavegotchi (GHST), decentraland (MANA), jasmycoin (JASMY), and compound (COMP). Exchange withdrawals can indicate that investors are moving holdings into private wallets rather than keeping them available for immediate trading.
Investors may be prioritizing these assets for accumulation and future speculation, according to the analysis. Those positions were reflected in the stronger outflow activity observed on Gate
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