Unsurprisingly, as ETC rallied, so did the appetite to realize profit. According to CoinGlass, Exchange Netflow soared to $10.37 million, then dropped to $1.28 by press time.
Such a massive uptick in Exchange Netflow suggests that investors who have been underwater for the past six months are aggressively cashing out.
Historically, such investor behavior has preceded price decline as downward pressure on prices mounts.
Such a massive uptick in Exchange Netflow suggests that investors who have been underwater for the past six months are aggressively cashing out.
Historically, such investor behavior has preceded price decline as downward pressure on prices mounts.
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