Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Mkr exchange holdings and exchange supply ratio reached annual highs.
ALTCOIN NEWS

Mkr exchange holdings and exchange supply ratio reached annual highs.

By Crypto FlexsNovember 13, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Mkr exchange holdings and exchange supply ratio reached annual highs.
Share
Facebook Twitter LinkedIn Pinterest Email
  • Maker’s exchange holdings and exchange supply ratio are hitting annual highs.
  • MKR surged 30.8% last week.

Cryptocurrency markets have seen a strong rally since the US presidential election, with Bitcoin (BTC) hitting a new ATH of $89,000. In this bull market, most altcoins and memecoins have reached h.

However, some have achieved modest price recoveries while still maintaining overall bearish sentiment. One such altcoin is Maker (MKR), which has seen a modest price recovery.

In fact, at the time of writing, Maker was trading at $1490. This represents an increase of 1.90% on the daily chart. Likewise, the altcoin is up 30.8% on the weekly chart and 11.38% on the monthly chart.

Despite this rise, MKR remains approximately 76.56% below the ATH recorded four years ago. This means that altcoins are significantly underperforming, with most investors still feeling bearish. This is evidenced by the surge in exchange reserves and exchange supply ratios.

Maker Exchange holdings hit annual high

According to AMBCrypto’s analysis of CryptoQuant data, Maker’s exchange holdings hit a yearly high at press time.

Source: CryptoQuant

According to our observations, altcoin holdings on exchanges have surged over the past week after falling slightly in late October.

This surge in foreign exchange reserves shows a growing lack of trust among investors. This is a bearish signal because investors and holders are anticipating a decline in price and are preparing to close their positions to minimize losses.

Source: CryptoQuant

The increase in transfers to exchanges is further evidenced by a surge in exchange supply ratios. It also broke an annual high.

When these two indicators hit one-year highs, you know the market is extremely bearish and most investors expect prices to fall.

What does the MKR price chart mean?

Generally, when foreign exchange reserves and the foreign exchange supply ratio soar, it means that investors are weak. So, despite the price surge over the past month, the market is still not entirely convinced of a potential upside.

This was further evidenced by the fact that ADX rose and RVGI fell.

Source: TradingView

Looking at ADX, it has surged from a low of 31 to 35 on the weekly chart. This means that upward momentum is weakening and downward momentum is strengthening.

The same phenomenon is seen in the bearish crossroads of the Relative Vigor Index. The signal line has crossed RVGI, indicating that the uptrend is losing momentum and waning in strength.

This serves as a selling signal that the seller is trying to gain too much control. When this happens, investors tend to sell short.


Read Maker’s (MKR) price forecast for 2024-2025


With these indicators showing a possible trend reversal, it is likely that MKR will fall before the market becomes strong enough to see another uptrend.

So, if this bearish sentiment holds, Maker will find support around $1320. However, if the bulls dominate the market with the recent uptrend, MKR will attempt the $1600 resistance level.

Next: How did NEAR’s 42% rally get closer to $20 after Deutsche telekom’s validator news?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The throat is falling, but the jupnet and ajup spark recovery reduce the potential

October 2, 2025

The method of transforming ASTER WHALES into panic is as follows.

September 25, 2025

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025
Add A Comment

Comments are closed.

Recent Posts

How to Use Google Gemini to Analyze Crypto Coins Before Investing

October 14, 2025

Class action lawsuit claims Microsoft choked AI supply to drive up ChatGPT costs

October 14, 2025

CME Group Launches CFTC Regulated Solana and XRP Options

October 13, 2025

Eightco Holdings Inc. ($ORBS) Makes Strategic Investment Into Mythical Games To Accelerate Human Verification And Digital Identity In Gaming

October 13, 2025

Jiuzi Holdings, Inc. (JZXN) Secures 100 Bitcoin Via Private Placement, Signaling New Phase In Crypto Treasury Deployment

October 13, 2025

Collaboration Across Bybit, DigiFT And UBS UMINT Expands Collateral Solution For Institutions

October 13, 2025

BitMine Immersion (BMNR) Announces ETH Holdings Exceeding 3.03 Million Tokens And Total Crypto And Cash Holdings Of $12.9 Billion

October 13, 2025

Phemex Announces Halloween Futures Trading Festival With 200,000 USDT Prize Pool

October 13, 2025

ViaBTC Unveils Enhanced Collateralized Loan Service For Global Miners

October 13, 2025

Tapbit secures strong presence at TOKEN2049 in Singapore

October 13, 2025

Tapbit Delivers A Strong Presence At TOKEN2049 Singapore

October 13, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

How to Use Google Gemini to Analyze Crypto Coins Before Investing

October 14, 2025

Class action lawsuit claims Microsoft choked AI supply to drive up ChatGPT costs

October 14, 2025

CME Group Launches CFTC Regulated Solana and XRP Options

October 13, 2025
Most Popular

About Credit Coop: Funding Growth with Future Cash Flow

September 10, 2024

Stablecoins: Global Payment and the Future of the Future

May 16, 2025

More XRP metrics offer a $ 3 rally in June.

June 5, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.