Reasons behind MATIC’s decoupling from market trends

As per the tweet, the latest setback appeared to be a $95 million transfer from a whale’s cold wallet to Binance. The increase in selling pressure resulted in a further price drop.

At the time of writing, MATIC was trading at $0.7627 with a market capitalization of over $7 billion, making it the 10th largest crypto. Santiment’s chart suggested that the selling pressure was still on. Polygon’s supply on exchanges increased while its supply outside of exchanges went down. Additionally, the supply held by top addresses also declined, suggesting that investors were selling.While the aforementioned metrics looked bearish, CryptoQuant’s

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

These reasons to expect a bull market are noteworthyPlus a worsening commercial real estate situation, outsized influence of mega-cap stocks and the painfully obvious winners of the AI race
Source: globeandmail - 🏆 5. / 92 Read more »

Irving Oil considers selling business, company launches strategic review | Globalnews.caIrving Oil says a strategic review of the company is underway and that it is looking at a series of options about its future, including a possible sale of the business.
Source: GlobalNational - 🏆 81. / 51 Read more »