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Crypto

Edge Faces Supply Pressure from $2.27M Deposit, But Outflows Counterbalance

Guavy AI Editorial Team
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The cryptocurrency EDGE has faced renewed supply pressure due to a $2.27 million KuCoin deposit, but this has been countered by three consecutive days of net outflows from exchanges.

According to CoinGlass data, EDGE recorded negative exchange netflows for three straight days, with the Spot netflow reaching -$419.36K on September 8th.

This divergence is significant as it limits accessible selling supply and could support the price recovery of EDGE.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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