The crypto market is experiencing significant anomalies, with $SENT, $KITE, and $SYRUP showing unusual volume spikes. $SENT's volume surged 33.2 times, raising concerns of potential wash trading, while $KITE and $SYRUP saw 5.5x and 4.5x increases, respectively. Additionally, $SENT's open interest dropped by 7.7% despite a 166.8% price increase, indicating a possible position flush.
Funding extremes are also evident, with $AXS facing a -12.120% funding rate, suggesting a long squeeze risk. Other cryptocurrencies like $SENT, $ZEC, $ROSE, and $SAND are also at risk of long squeezes due to negative funding rates. Whale movements include significant distributions of $BTC and $SOL, while $TRX is seeing accumulation.
Price movements are notable, with $BNB, $BCH, and $ZEC experiencing pumps of 888.3%, 602.8%, and 365.5%, respectively. These developments highlight potential market manipulation and volatility risks.
Crypto Market Sees Unusual Activity with Volume Spikes and Whale Movements
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