Shiba Inu, Ethereum, Chainlink Flash This 'Long-Term Bullish Signal' Despite Recent Drop
Portfolio Pulse from Aniket Verma
Despite a recent drop in prices, Ethereum, Shiba Inu, and Chainlink show long-term bullish signals as the supply held by top exchange wallets has decreased significantly. This indicates accumulation and confidence among long-term investors.
June 14, 2024 | 3:08 am
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POSITIVE IMPACT
Ethereum's supply on top exchange wallets has decreased by 8.6% since May 27, indicating a long-term bullish signal. Additionally, Ethereum's HODLer balance increased by 1.4% in the last 24 hours.
The significant reduction in Ethereum's supply on exchange wallets and the increase in HODLer balance suggest that investors are accumulating ETH, indicating confidence in its long-term potential.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Chainlink's supply on top exchange wallets has decreased by 2.9% since May 27, indicating a long-term bullish signal. Additionally, Chainlink's HODLer balance increased by 0.84% in the last 24 hours.
The reduction in Chainlink's supply on exchange wallets and the increase in HODLer balance suggest that investors are accumulating LINK, indicating confidence in its long-term potential.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Shiba Inu's supply on top exchange wallets has decreased by 2.4% since May 27, indicating a long-term bullish signal. However, SHIB's HODLer balance remained unchanged over the past 24 hours.
The reduction in Shiba Inu's supply on exchange wallets suggests that investors are accumulating SHIB, indicating confidence in its long-term potential, despite the HODLer balance remaining unchanged.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100