$NOT has been having bad luck for the past two days, trading at $0.016 (with a huge trading volume of $750 million. It seems the general sadness of the crypto market is NOT touching either.
Here's a deeper dive: 💻👇
🔘 Cash flow: 1-day cash flow for NOT shows a net outflow of 1.9 billion NOT, which is over 30 million USD! Basically, more people are selling than buying right now. 😖
🔘 Whale leaving ship? The whale watchers (fancy name for crypto researchers) at Cryptoquant say the number of NO whales (large investors with a value of more than $200k) has decreased! On June 5 there were 201, but now there are only 187. Did the 14 big guys jump ship? 🐋👀😅
So what does all this mean? 🤔🔥
It's hard to say for sure. Market sentiment is not good, some big guys may be selling and more people selling than buying NO right now. NOT a great formula for pumping prices.
But hey, don't panic! 😤👊 The world of cryptocurrency moves very fast and things can change in a split second. DYOR and have a trading plan in place, no matter what happens.