According to Foresight News, data from 0xScope reveals a significant outflow of funds in Metis today, with approximately 137,000 METIS tokens (worth around $14 million) leaving the market. In addition, the trading volume on decentralized exchanges has surged by 343.41%, and the amount of Bitcoin held by whales has increased by 3.68%.
This large outflow of METIS tokens and the increased trading volume on decentralized exchanges indicate a shift in the market dynamics. The rise in Bitcoin holdings by whales suggests that they are accumulating more of the cryptocurrency, potentially driving up its value. As the market continues to evolve, it will be crucial for investors to monitor these trends and adjust their strategies accordingly.
