Alphractal CEO Joao Wedson has published a list of 19 altcoins exhibiting strong accumulation signals, based on significant outflow of tokens from the Binance exchange. Wedson explains that this outflow suggests long-term bullish investment activity and offers potential insights into upcoming market trends. “The recent heavy outflows from Binance are clear indicators of accumulating assets – many see this as a prelude to the anticipated altcoin season,” said Wedson in his statement.
He further notes that the “Binance Net Flow Chart” provides an easy way to identify and monitor token movement on this platform. The chart depicts green for entries (positive) and red for exits (negative), enabling quick analysis of potential accumulation areas.”
Wedson highlights that altcoins like ENJ, SLP, FET, AMP, ETH, CRV, BNT, 1INCH, GHST, GTC, YGG, LINK, ANKR, ALICE, MKR, SNX, ZRX, DODO and OGN are currently experiencing high exit rates from Binance. “The recent outflows of these tokens from Binance indicate a significant accumulation trend,” he added.
Notably, Wedson’s analysis also points to Ethereum (ETH) as an example of strong accumulation despite recent market volatility, suggesting further price increases could be on the horizon. *This is not investment advice.*