Market overview on October 16

📌 24-hour price movements:

- BTC closes the red weekly candle, the price has a lower base than the previous week's candle.

- Regarding the daily candle, BTC is closing above $27k1, the sellers seem to be more dominant and have a high possibility of retesting the lower price range.

- More than $108 million in stablecoins were deposited on exchanges in the last 24 hours.

📌 Strongest increase/decrease:

- $RLB (+9.6%)

- $ELGD (+5.9%)

- $TWT (+5.5%)

…

📌 Outstanding cash flows on Binance:

- Monitoring Tags: $WRX, $ARK, $BTS