September has historically been a challenging month for crypto markets. For investors, that means heightened volatility combined with frequent altcoin rotations. This environment often offers opportunities to take profits or position early for the next move. While Bitcoin and Ether have recently taken a breather, attention has shifted to altcoins. Data from major exchanges such as Binance act as a sentiment gauge – and may provide clues about which tokens could gain momentum in the coming days.
Potential Upside Signals
According to Binance netflow data, which tracks token inflows and outflows, Fetch.ai (FET), Amp (AMP), and Synthetix (SNX) saw particularly strong outflows in the first week of September. This can be interpreted as a bullish sign, as many tokens are being moved to cold wallets or held long-term – potentially paving the way for price gains.
Other projects like 0x (ZRX) and Ankr (ANKR) also recorded notable outflows, according to CryptoQuant. “Such high outflows highlight the strengthening buying sentiment and raise expectations for a potential uptrend in these five altcoins,” the analysis noted. Historically, strong outflows have correlated with price increases, while inflows often signal potential selling pressure.
Tokens Under Pressure
Projects like Polygon (MATIC), Chiliz (CHZ), and Sui (SUI) have recently seen significant inflows to Binance, which typically indicate upcoming selling pressure. Yield Guild Games (YGG) and Ethereum Name Service (ENS) also fall into this category. If this trend continues, these tokens could face downside pressure in the second week of September.
What It Means for Investors
For short-term traders, monitoring netflow data can be useful to anticipate both rallies and corrections. While short-term gains can be captured, risks remain high in volatile periods.
For long-term investors, however, netflows alone are not enough. Broader fundamentals of the projects should be considered, as short-term sentiment shifts can quickly reverse.