The article highlights that a significant amount of altcoins are being moved to centralized exchanges, potentially indicating that holders are looking to sell. This could lead to increased selling pressure and potential price declines. The mentioned altcoins, including Mantra, Worldcoin, Movement, stETH, Reserve Rights, and Maker, have seen supply transfers to various exchanges such as Bybit, Binance, Coinbase, and KuCoin. It is noted that if altcoins are moving off exchanges into private wallets, it suggests accumulation and long-term holding, which is seen as a bullish signal. The altcoin market has gained attention as Bitcoin trades between $90,000 and $109,000, and the altcoin market cap, excluding Bitcoin and Ether, suggests higher valuations in the coming days. However, the MACD indicator recently showed a bearish divergence, but the intensity of the bears has lessened as buyers take advantage of lower prices.



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