Today, I'm sharing some important information with you after observing Binance's HIVE/USDT Money Flow Analysis. For those of you who are trading HIVE or holding it for the long term, this data is quite important.
As you can see in the images, the Buy Volume (2.91M HIVE) was higher than the Sell Volume (2.68M HIVE) in the last 24 hours. This resulted in a total Net Inflow of +226,282 HIVE, which in my opinion is a positive indication of the presence of buyers in the market.
Also, the Large Inflow for the last 5 days is around 225,148 HIVE, and from what I understand, the interest of large investors has not diminished much. Although the 24-hour Money Flow chart has seen some fluctuations, Hive has finally managed to maintain positive inflows.
The Platform Concentration chart also did not show any major changes. This means that the market is still relatively stable. However, the crypto market is always risky, So it is best to do your own research and make investment decisions rather than relying solely on one indicator.
I hope you enjoy my analysis. Thank you all for reading my post.
By @jaster family