#TRADING #STRATEGY #TRB #CRYPTO from #INVESTIDEAUA @INVESTIDEAUA
the Tellor oracle project (TRB) was in the spotlight on New Year's Eve when its price soared to nearly $600 before falling back to $150 in just two hours. Like other active tokens during the holidays, TRB began to show significant price imbalances on exchanges after several days of aggressive spot buying.
When the rally peaked, Coinbase showed $500, Binance was at $625, and OKX was over $700. Hours before the peak, open interest in domestic units fell from 725K to 450K and the funding rate turned sharply negative, suggesting long traders were quickly closing out their positions.
To top it all off, a wallet associated with the Tellor team transferred millions of dollars worth of TRB tokens to Coinbase shortly before the price crash. However, the cumulative volume delta shows that the selling that led to its collapse began several minutes earlier on Binance than on Coinbase, as evidenced by Binance's rapid decline just before 11:00 pm UTC.
