Definition ∞ An on chain selling spike represents a sudden, significant increase in the volume of digital assets moved directly from private wallets to exchange addresses, indicating an intent to sell. This metric provides a real-time signal of heightened selling pressure from individual holders or large entities. It often precedes or coincides with downward price movements.
Context ∞ On-chain analysts and market commentators closely track these spikes as a leading indicator of market sentiment and potential price action. News reports often cite on-chain selling spikes when explaining sudden market corrections or predicting future price volatility. Such events reveal underlying shifts in holder behavior.
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