Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 12450
Markets: 96130
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
12450
Cryptocurrencies
55.82%
Bitcoin Share
coinpedia 2025-01-31 15:52:53

Whale Dumps $13.5 Million of Virtual Protocol (VIRTUAL): Report

Whale Dumps $13.5 Million of Virtual Protocol (VIRTUAL): Report

The post Whale Dumps $13.5 Million of Virtual Protocol (VIRTUAL): Report appeared first on Coinpedia Fintech News Amid the ongoing market recovery, Virtual Protocol’s native token, VIRTUAL, is gaining widespread attention due to its massive price momentum over the past 24 hours. On January 31, 2025, for the first time in the year, the asset witnessed a price rally of over 50%. $13.5 Million Worth VIRTUAL Inflow However, this massive upside rally attracted significant attention from investors, whales, and traders, resulting in the token losing the majority of its gains. Data from the on-chain analytics firm Coinglass revealed that as the price soared, long-term holders, whales, and investors saw this as a perfect sell-off opportunity and began selling their VIRTUAL tokens. Source: Coinglas On-chain metrics inflows/outflows revealed that exchanges across the cryptocurrency landscape have witnessed an inflow of a massive $13.5 million worth of VIRTUAL tokens. This inflow suggests a potential sell-off by investors amid the massive upside rally, which could lead to sell-off pressure and a further price drop. However, VIRTUAL witnessed a price decline and experienced selling pressure. Current Price Momentum The asset is trading near $2.15 and is currently holding only a 1.85% gain in the past 24 hours. At one point today, this gain was over 50%. During the same period, due to heavy participation from investors and traders, VIRTUAL’s trading volume surged by 280%, indicating huge participation. Traders’ $8.30 Million Bets on Short Side But looking at the current market sentiment, not only investors but also traders have started betting on the bearish side, which has completely shifted the market sentiment. Source: Coinglass Data from Coinglass revealed that the $2.396 level is where short-sellers are over-leveraged, holding a significant $8.30 million worth of short positions. Meanwhile, bulls seem to be exhausted, as they are over-leveraged at the $2.125 level, where they hold $2.14 million worth of long positions, which is one-fourth of the short positions. Virtual Protocol (VIRTUAL) Technical Analysis and Upcoming Levels According to expert technical analysis, VIRTUAL appears neutral as it is at a breakout level of a bullish inverted head and shoulders price action pattern. However, traders and investors who bought following the breakout have already gained massive returns, and they might be exiting the trade by profit booking. Source: Trading View Based on the recent price action and historical momentum, there is a strong possibility that VIRTUAL could continue to see some sort of price correction or consolidation at the current level.

Most Read News



Cryptohopper
Market Cap
24h Vol
55.82%
Bitcoin Share
745
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.