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$BANK Update
Prices continue to trend lower, as suggested by the flow of funds.
Gate has just swept 18.61M BANK (about $3.2 million) into cold storage after absorbing a wave of deposits.
The deposits still haven’t stopped: 515K, 490K, 489K, 468K, as well as dozens of other deposits within the past few hours.
Supply continues to consolidate in the places with the strongest liquidity.
As long as deposits keep coming at this pace, downward pressure will persist. The first sign of a shift will be when fund inflows dry up and withdrawals reappear.