🐋 Capital is voting with its feet:
$ON 5 minutes down 3.5%, current price 0.1192, 24h trading volume $79.47 million.
Breaking down the funding side:
· The drop was concentrated within just 5 minutes, suggesting the sell orders came in very urgently
· Still +14.39% over 24h, more like short-term capital taking profits
· Going forward, watch whether there are large buy orders supporting the lows; if not, there may be a second dip
If you have a different view, discuss it in the comments.
#ON
Crypto assets are highly volatile, please manage your position size reasonably.
$ON 5 minutes down 3.5%, current price 0.1192, 24h trading volume $79.47 million.
Breaking down the funding side:
· The drop was concentrated within just 5 minutes, suggesting the sell orders came in very urgently
· Still +14.39% over 24h, more like short-term capital taking profits
· Going forward, watch whether there are large buy orders supporting the lows; if not, there may be a second dip
If you have a different view, discuss it in the comments.
#ON
Crypto assets are highly volatile, please manage your position size reasonably.