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The confidence is low for a few reasons. It is a newer exchange (about a year old) and their volume is currently being reported incorrectly because CMC is not separating out the Mandala volume from the Binance volume (since Binance Cloud and Binance share the same orders). CMC is working on a fix for the reporting side which will likely increase the confidence score after they start showing the right numbers.
RE: HIVE's little secret: 8 days after new ATH there will always be a dump!