EDGE up 12%, but holders keep walking out the door 🚪

edgeX [EDGE] rose 12% over the past 24 hours to a local high, with bullish sentiment dominating trading activity. Community sentiment data showed roughly 95% of 5,300 voters expected further upside, and capital continued flowing into edgeX's perpetual market. Traders added $3.1 million in fresh positions, pushing Open Interest to $18.9 million. CoinGlass recorded the Funding Rate at 0.0245%, indicating most leveraged traders remained positioned for gains while speculation stayed below extreme levels. The token's price action, however, met resistance at a supply zone within its ascending channel, where sellers regained short-term control after the test. A breakout above that level could open a path toward $0.48, with sustained buying momentum potentially extending gains to $0.51 and a stronger rally reaching $0.58. The Bull Bear Power indicator printed a third consecutive green bar, suggesting continued build-up in buying strength. On-chain metrics painted a different picture: the number of EDGE holders declined from 22,570 to 18,150 over the past month, a reduction consistent with investors trimming exposure rather than accumulating. Spot Netflow data reinforced that trend, recording outflows of $127,800 over the past 24 hours, $157,400 over three days, and $16,020 over five days, indicating capital continued leaving the market.