{"id":565871,"date":"2021-02-27T18:34:37","date_gmt":"2021-02-27T15:34:37","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=565871"},"modified":"2021-02-27T18:34:37","modified_gmt":"2021-02-27T15:34:37","slug":"basic-attention-token-sees-its-largest-daily-exchange-outflow-to-date","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/basic-attention-token-sees-its-largest-daily-exchange-outflow-to-date\/","title":{"rendered":"Basic Attention Token Sees Its Largest Daily Exchange Outflow to Date"},"content":{"rendered":"<p><strong>In brief:<\/strong><\/p>\n<ul>\n<li><strong>1.15% of Basic Attention Token&#8217;s supply left crypto exchanges in a day<\/strong><\/li>\n<li><strong>This is the largest daily outflow to date and hints of accumulation by BAT whales<\/strong><\/li>\n<li><strong>Basic Attention Token has benefited from the news of Grayscale considering a BAT Trust<\/strong><\/li>\n<li><strong>The daily BAT\/USDT is hinting of some bullishness as February comes to a close<\/strong><\/li>\n<\/ul>\n<p>Yesterday, February 26th, the digital asset of Basic Attention Token (BAT) experienced its largest daily exchange outflow to date. On this day, the equivalent of 1.15% of Basic Attention Token&#8217;s total supply left crypto exchanges and before the digital asset pumped by 9% in a single hour. This milestone by Basic Attention Token was captured by the team at Santiment and shared through <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/1365404165489516546\" target=\"_blank\" rel=\"nofollow noopener\" data-schema-attribute=\"\">the following statement<\/a> and chart.<\/p>\n<blockquote><p><span class=\"r-18u37iz\">BAT<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\"> has decoupled from <\/span><span class=\"r-18u37iz\">$BTC<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">, &amp; is one of the few <\/span><span class=\"r-18u37iz\">altcoins<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\"> in the green. <\/span><\/p>\n<p><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">Its+9% rise the past hour comes after the largest <\/span><span class=\"r-18u37iz\">Basic Attention Token<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\"> exchange outflow in 7 months earlier, &amp; biggest single-day supply drop from exchanges (-1.15%) of all-time.<\/span><\/p><\/blockquote>\n<p><a href=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/02\/BAT-Outflow-Feb-27th.jpg\"><img class=\"aligncenter size-large wp-image-565872\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/02\/BAT-Outflow-Feb-27th-1024x722.jpg\" alt=\"\" width=\"1024\" height=\"722\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/02\/BAT-Outflow-Feb-27th-1024x722.jpg 1024w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/02\/BAT-Outflow-Feb-27th-300x212.jpg 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/02\/BAT-Outflow-Feb-27th-770x543.jpg 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/02\/BAT-Outflow-Feb-27th-1536x1083.jpg 1536w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/02\/BAT-Outflow-Feb-27th-500x353.jpg 500w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/02\/BAT-Outflow-Feb-27th-240x169.jpg 240w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/02\/BAT-Outflow-Feb-27th-717x506.jpg 717w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/02\/BAT-Outflow-Feb-27th-1347x950.jpg 1347w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/02\/BAT-Outflow-Feb-27th.jpg 1686w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"\"><\/a><\/p>\n<h2>Basic Attention Token has Benefited from Grayscale Announcing it is Exploring a BAT Trust<\/h2>\n<p>Such a high percentage of Basic Attention Token&#8217;s supply leaving crypto exchanges is a clear sign that <a href=\"https:\/\/en.ethereumworldnews.com\/basic-attention-token-bat-whales-accumulate-6-of-supply-in-5-days\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">whales are accumulating BAT<\/a>. Furthermore, the accumulation could be a knee-jerk reaction as a result of Grayscale confirming that it was exploring the possibility of a BAT crypto trust <a href=\"https:\/\/en.ethereumworldnews.com\/grayscale-is-exploring-23-new-crypto-trusts-including-link-dot-ada\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">alongside 22 other digital assets<\/a>.<\/p>\n<h2>BAT\/USDT Daily Chart Hints of Bullishness into March<\/h2>\n<p>With respect to price, Basic Attention Token (BAT) is trading at $0.53 with the daily chart below indicating renewed buying interest as the month of February comes to a close.<\/p>\n<p><a href=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/02\/BATUSDT-Feb-27th.png\"><img class=\"aligncenter size-large wp-image-565874\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/02\/BATUSDT-Feb-27th.png\" alt=\"\" width=\"937\" height=\"585\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/02\/BATUSDT-Feb-27th.png 937w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/02\/BATUSDT-Feb-27th-300x187.png 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/02\/BATUSDT-Feb-27th-770x481.png 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/02\/BATUSDT-Feb-27th-500x312.png 500w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/02\/BATUSDT-Feb-27th-240x150.png 240w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/02\/BATUSDT-Feb-27th-717x448.png 717w\" sizes=\"(max-width: 937px) 100vw, 937px\" title=\"\"><\/a><\/p>\n<p>Also from the chart, the following can be observed.<\/p>\n<ul>\n<li>Trade volume is in the green with the daily Heiken Ashi candle confirming this<\/li>\n<li>The daily MACD is also attempting to cross in a bullish manner above the baseline<\/li>\n<li>The daily MFI and RSI are in neutral territory at 36 and 59 respectively<\/li>\n<li>BAT has short-term support at $0.48, $0.45 and $0.3945<\/li>\n<li>In terms of resistances, Basic Attention has the following to contend with: $0.5510, $0.57, $0.5780, $0.5890 and $0.60<\/li>\n<li>Basic Attention Token could test $0.60 before the weekly and monthly close tomorrow February 28th<\/li>\n<\/ul>\n<p>As with all analyses of altcoins such as Basic Attention Token, traders and investors are reminded that the fate of BAT is very much tied to that of <a href=\"https:\/\/en.ethereumworldnews.com\/category\/news\/latest-bitcoin-btc-news\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">Bitcoin<\/a>. If the weekly and monthly close prove to be a volatile one for BTC, Basic Attention Token could undergo a significant pullback before continuing on its upward trajectory.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In brief: 1.15% of Basic Attention Token&#8217;s supply left crypto exchanges in a day This is the largest daily outflow to date and hints of accumulation by BAT whales Basic Attention Token has benefited from the news of Grayscale considering a BAT Trust The daily BAT\/USDT is hinting of some bullishness as February comes to a close Yesterday, February 26th, the digital asset of Basic Attention Token (BAT) experienced its largest daily exchange outflow to date. On this day, the [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":565873,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[825],"tags":[115,163,108071,4226],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/565871"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=565871"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/565871\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/565873"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=565871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=565871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=565871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}