As of the 11th of December, the overall cryptocurrency market appeared to be facing a price correction, resulting in a decline in prices.
In the cryptocurrency context, “outflow” refers to the movement of assets from exchanges to wallet addresses, which potentially indicates a bullish signal and suggests a perfect buying opportunity. According to data from Coinglass, the POPCAT Long/Short Ratio was 1.008, the highest level since early November 2024. This ratio reflected a strong bullish sentiment among traders.According to AMBCrypto’s technical analysis, POPCAT has started to experience upward momentum after bouncing off a crucial support level at $1.12.
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