Whales accumulate ONDO, driving bullish momentum as supply tightens and short traders face mounting risks.
Meanwhile, derivative traders engaging in sell-offs may find their activity short-lived as market sentiment shifts.has reversed course, gaining 3.64% on the daily chart. This rally has pushed its cumulative monthly gain to an impressive 49.42%, underscoring strong bullish momentum.
As a result, AMBCrypto analysis finds that derivative sellers—who had previously benefited from bearish trends—may now face mounting losses if the bullish sentiment persists.According to a Twitter analyst named Jacky, top crypto platforms have been deliberately increasing their ONDO holdings. Similarly, Binance, which ANB Crypto recently reported as having accumulated ONDO, has continued adding to its holdings, increasing its balance from approximately 594,000 ONDO to 631,000 ONDO in just a few days.Wintermute, a prominent cryptocurrency market maker, has also joined the accumulation spree alongside the other major players mentioned.
This indicates that more ONDO is being withdrawn than deposited, leading to reduced availability of the asset on trading platforms and increasing the likelihood of a supply squeeze.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New Report Suggests “Whale Psychiatrist” Trump May be Right About Wind Farms and WhalesUS Bureau of Ocean Management report says whales, dolphins, birds and bats can all be injured by wind turbine construction, and offshore fishing harmed.
Read more »
More Than 30 Pilot Whales Successfully Returned to Ocean in New ZealandMore than 30 pilot whales that stranded themselves on a beach in New Zealand were successfully returned to the ocean with the help of conservation workers and local residents. Four of the whales unfortunately died, while the rest were safely refloated and monitored to prevent re-stranding.
Read more »
‘One in a million’: Pod of orcas glide through Vancouver’s False CreekKiller whales have previously been spotted in False Creek.
Read more »
‘One in a million’: Pod of orcas glide through Vancouver’s False CreekKiller whales have previously been spotted in False Creek.
Read more »
‘One in a million’: Pod of orcas glide through Vancouver’s False CreekKiller whales have previously been spotted in False Creek.
Read more »
Killer Whales Make Rare Downtown Vancouver AppearanceA family of killer whales was spotted making a rare trip into waters off downtown Vancouver, likely on a hunt for harbour seals. The whales were filmed cruising past highrise towers, stunning ferry passengers and the captain who slowed the ferry to observe the rare sighting.
Read more »