Article

Real Buying or Internal Transfers? Reviewing This Week's Nine Major Token Movements to Help You Spot Fake Whale Narratives

The author measures the strength of on-chain signals across four levels: stablecoin spot market buying, exchange withdrawals, exchange deposits, and staking and internal protocol transfers. Combining this week's movements in Ethereum, Solana, AVAX, and others, the author points out that only active stablecoin buying constitutes genuine spot buying, while most large transfers are neutral reallocations.

Source: https://www.panewslab.com/zh/articles/01a1bf20-62ef-7016-a0ad-33bf4f062010