According to the cryptocurrency exchange Bithumb, the most purchased cryptocurrency by asset holders is Tether (USDT), recording a 11% share. Following that, XRP at 7%, Bitcoin (BTC) at 6%, Pepe (PEPE) at 6%, and USDC at 6%.
This indicator is calculated based on the net purchase ratio of specific cryptocurrencies by the top 800 asset holders within Bithumb. For example, if 400 out of the top 800 net purchase a specific coin, and the net purchase amount is half of the total transaction amount, it is aggregated as 50%.
[Now, Is This the Bottom?]
According to the Relative Strength Index (RSI) of the cryptocurrency exchange Bithumb, as of 10:52 AM on June 9th, MEV recorded an RSI of 6.65%, analyzed as entering the oversold zone.
Tottenham Hotspur (SPURS) is at 8.54%, Volta (A) at 8.86%, Core (CORE) at 11.83%, and Bouncebit (BB) at 12.94%, all moving below RSI 30 and located in the bottom buying zone.
RSI (Relative Strength Index) is a technical analysis indicator that shows the ratio of price increases and decreases over the past 14 days. Generally, an RSI below 30% is considered oversold, and above 70% is considered overbought. Bithumb's RSI is calculated based on the Simple Moving Average (SMA).
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