Stay focused on capital flow is a useful way leading to profitable trades. Coinness lists top 10 coins that have the most capital inflow and outflow every 24 hours to give you some perception of institutional investors and rich accounts.
Top 10 Chase and Dump May 24th
Top 10 capital inflows: ETH, BCH, TRX, DASH, XMR, ABT, CMT, ZIP, ZEC and TRIO.
Top 10 capital outflows: BTC, EOS, LTC, ELF, MITH, ETC, OKB, NAS, HT and EGCC.
Coinness Market Index indicates a continuous bear crypto market. Except XMR, the top 20 coins all sink. By press time, the 24-hour global trading volume marks $21 billion, increased by 31.25%.
BTC currently has $253.1 million cap outflow, ranking the first among the top 10 and doubling the number of yesterday. The top 3 exchanges that see the most outflows are BitMEX (51.03%), OKEx (29.67%) and Bitfinex (5.5%). With large amount of cap flowing out for two days, BTC failed to bottom at $7,800, once tumbling down to $7,400 since May 23rd, 11:00 a.m. (UTC-4). By press time, BTC rebounds to $7,705.42 (-3.1%).
ETH, BCH, TRX, DASH and ZEC all slump by over 5% in a 24-hour period, each has gained more cap though.
EOS 24-hour cap outflow reaches $62.31 million, listed amongst the top 2 outflows for five days. EOS made a new all-time high at $21.31 on April 29th, after which the cap kept running out. EOS has topped the cap outflow list for almost 20 days. Meanwhile, EOS price has declined to one month ago at $11.27 (-7%).
Be advised with high volatile. Trade with caution.
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