Asset holders most purchased cryptocurrencies were USDC, BTT, USDT, BTC, and ALGO in order.
This indicator is calculated based on the net purchase transaction amount ratio of the top 800 asset holders within Bithumb. For example, if 400 out of the top 800 net purchased a specific coin, the ratio is calculated as (net purchase amount of that coin / total transaction amount) × 100.
In this survey, USDC ranked first at 18%, BTT and USDT each at 10%, while BTC and ALGO recorded 6%.
According to the Relative Strength Index (RSI) of cryptocurrency exchange Bithumb, PUNDIAI recorded an RSI of 5.73% as of 1:11 PM on May 16th, analyzed to have entered an extremely oversold state.
Following this, REI was 14.83%, LAYER was 15.02%, ACS was 28.08%, and BMT was 29.93%. All of these are below 30% RSI, considered a valid buying range in technical analysis.
RSI (Relative Strength Index) is a technical indicator showing the relative strength of price increases and decreases over the past 14 days, and is generally considered oversold when RSI is below 30%. Bithumb calculates RSI based on simple moving average (SMA).
Real-time news...Go to TokenPost Telegram
<Copyright ⓒ TokenPost, Unauthorized Reproduction and Redistribution Prohibited>
