Smart Money Insights. Sideways no more. Market moved, not as desired.

22 Aug 2023, 15:00
🔍 Smart Money Insights 🚀 📉 Sideways no more! Market moved, not as desired. Weeks back, rising open interest signaled caution—too many leveraged positions without fresh capital. Smart Money stablecoin holdings reacted, jumping from 11% to 14% in a day, now at 12.9%. BRICS summit starts, eyes on new currency and Saudi membership—potential volatility, likely downward at first. ⚖️ Outflows > inflows in stablecoins for weeks, hinting at a downturn. Recent days show a shift—more inflow, hinting at buying interest. 📈 Recent Token Inflows (24h): LBR, HILO, AXE, DUBBZ, MOG 🔀 Recent Token Outflows (24h): GHO, RLB, PNDC, USH, BAD 🔁Holdings Inflows (7d): SHIB, AAVE, LINK, STG, COMP 📉 Holdings Outflows (7d): PRIME, MKR, CRV, LEVER, BIT 📊 Low volumes in the last 24h, outflows outpacing inflows. 7-day trend mirrors market conditions—Smart Money seeks lower risk in uncertainty. Interestingly, last 24h's top 5 tokens are all low caps ( 🔮 Always prep for all scenarios. August's historical average BTC return pre-halving is -21.3%. We're at around -10.8% with 9 days left. BRICS summit news could steer further downwards, but remember, crypto follows its own rules. Our long-term crypto industry optimism stands strong! 🚀