Binance Money Flow Analysis STEEM/USDT Market Update
Dear Steemit friends,
I hope everyone is well. Today I am sharing with you some observations on the Money Flow analysis from Binance's STEEM/USDT trading data. This information is quite important for understanding the current market sentiment.
Current price situation
STEEM is currently trading at around 0.03969 USDT, up +1.33% in the last 24 hours. While the price is showing a slight uptick, money flow data suggests that large investors are still somewhat cautious.
Cash flow analysis
According to today's data:
- Total Buys: Approximately 1.68M STEEM
- Total Sells: Approximately 2.08M STEEM
- Net Cash Flow: -402,829 STEEM
This clearly indicates that the selling pressure in the market is still greater than the buying pressure.
Large investor activity
The most notable is the large orders:
- Large buy: 0 STEEM
- Large sell: 366,254 STEEM
- Net flow: -366,254 STEEM
This indicates that large holders are still inclined to sell in the market, which may create some obstacles to price growth in the short term.
Small investor participation
On the other hand, there is some positive inflow among small traders. Their net inflow is slightly positive, which suggests that retail investors are trying to accumulate STEEM at current prices.
Thank you all for reading the post.
Please share yourvaluable feedback in the comments. Stay well everyone and trade safely.
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