CryptoQuant’s heatmap shows strong altcoin outflows from Binance, signaling possible accumulation

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jul 12 2025

SLP+6.095%

SHIB+2.93%

GTC+2.41%

Should l Buy SLP?

Bullish Signals from Altcoins: A significant number of altcoins are showing bullish trends as traders withdraw tokens from Binance, indicating a "massive accumulation phase" and long-term investor confidence, according to CryptoQuant's heatmap analysis.
Importance of Binance Outflows: The outflow data from Binance, the largest cryptocurrency exchange, suggests lower selling pressure and potential price increases, reflecting macro investor sentiment and institutional confidence in the crypto market.

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Technical Analysis for SLP

Technical Sentiment Analysis for Smooth Love Potion (SLP). As of , Smooth Love Potion (SLP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SLP 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 crypto.

Support, Resistance & Moving Averages. From a structural perspective, SLP 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 $-.

Smooth Love Potion (SLP) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.000312	0.000412	0.000495	0.000595	0.000678	0.000778	0.000861
Fibonacci	0.000412	0.000482	0.000525	0.000595	0.000665	0.000708	0.000778

About SLP

Smooth Love Potion (SLP) tokens are earned by playing the Axie Infinity game. This digital asset serves a replacement for experience points.SLP are ERC-20 tokens, and they can be used to breed new digital pets that are known as Axies. The cost of breeding begins at 100 SLP but increases gradually — rising to 200 SLP for the second breed, 300 for the third, 500 for the fourth, 800 for the fifth and 1,300 for the sixth. Axies can be bred a maximum of seven times, and the seventh breed costs 2,100 SLP. This limit exists in order to prevent hyperinflation in the marketplace.It can take time to accrue SLP through the game, and a player may need to win 15 competitions in order to gain enough tokens to perform their first breed. Purchasing SLP on the open market is a way for gamers to get a headstart.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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