Bithumb Uncovers Over $200 Million in Dormant Crypto Assets
- Dormant Asset Discovery: Bithumb identified over 291.6 billion won (approximately $201.8 million) in dormant assets across about 2.6 million inactive accounts, highlighting the significant retail crypto wealth that remains untouched on centralized exchanges, which could impact future market liquidity.
- Account Recovery Initiative: The exchange plans to directly notify eligible users and assist with account recovery, following a previous campaign where around 36,000 users reclaimed nearly $50 million in dormant assets, suggesting that this effort could unlock an even larger volume of funds.
- Significant Investment Returns: Some dormant assets have appreciated over 61,000%, contrasting with Bitcoin's roughly 11,300% increase since 2014, indicating that early investors left behind substantial value during prolonged market downturns.
- Market Dynamics Impact: Should these reclaimed assets be sold, they may influence price dynamics, particularly for less liquid tokens, potentially exacerbating market volatility.
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Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI) As of , DeFi (DEFI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for DEFI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, DEFI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
DeFi (DEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000204 | 0.000249 | 0.000293 | 0.000338 | 0.000382 | 0.000427 | 0.000471 |
| Fibonacci | 0.000249 | 0.000283 | 0.000304 | 0.000338 | 0.000372 | 0.000393 | 0.000427 |
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