On-chain Optimism (OP) viewpoint: Smart Money has been accumulating net for days despite the price trend
OP price is currently around $0.0878 (down 56% over the past 180 days), but on-chain data shows a very clear accumulation signal from large wallets.
1. Accumulation Signal
Smart Positioning Radar: The current price is falling into the Under Diamond Price zone ($0.1333). The average cost (Avg Cost) of all holder groups from under 24h to 3 years is higher than the current market price (e.g., the 1M–3M group has Avg Cost $0.1044).
Clustering Wallets: Buying power is overwhelmingly dominant, accounting for 97.7% of accumulation (+1.82M OP net in a day), with only 2.3% selling.
Holder Flow Index: Cumulative net accumulation reaches +1.17B OP, with Top 100–500 wallets continuously showing inflows (green) outweighing outflows on the Heatmap.
2. Money Flow & Order Flow
Daily Net Order Flow (90 days): Net buying pressure totals +429.27K USDT, with a Buy/Sell Ratio of 126.34M / 125.91M.
Perp DEX Trades: Long positions make up 54% of Market Orders. Net Force for longs is positive (+$32.98K), indicating the Bulls are actively matching orders in the derivatives market.
3. Tokenomics & Valuation
Circulating Supply: 2.44B OP (56.98% already unlocked). Market Cap is currently **$200.86M**.
Total Break-Even Price: The average break-even price of the tokens accumulated net from early 2026 to date is $0.1248 (total invested capital ~ $225M).
Quick assessment: OP is deeply undervalued compared to the average accumulation price of Smart Money. Strong accumulation near the bottom around $0.08–$0.09 suggests a fairly positive foundation for medium- to long-term price action!
#op #bullish
OP price is currently around $0.0878 (down 56% over the past 180 days), but on-chain data shows a very clear accumulation signal from large wallets.
1. Accumulation Signal
Smart Positioning Radar: The current price is falling into the Under Diamond Price zone ($0.1333). The average cost (Avg Cost) of all holder groups from under 24h to 3 years is higher than the current market price (e.g., the 1M–3M group has Avg Cost $0.1044).
Clustering Wallets: Buying power is overwhelmingly dominant, accounting for 97.7% of accumulation (+1.82M OP net in a day), with only 2.3% selling.
Holder Flow Index: Cumulative net accumulation reaches +1.17B OP, with Top 100–500 wallets continuously showing inflows (green) outweighing outflows on the Heatmap.
2. Money Flow & Order Flow
Daily Net Order Flow (90 days): Net buying pressure totals +429.27K USDT, with a Buy/Sell Ratio of 126.34M / 125.91M.
Perp DEX Trades: Long positions make up 54% of Market Orders. Net Force for longs is positive (+$32.98K), indicating the Bulls are actively matching orders in the derivatives market.
3. Tokenomics & Valuation
Circulating Supply: 2.44B OP (56.98% already unlocked). Market Cap is currently **$200.86M**.
Total Break-Even Price: The average break-even price of the tokens accumulated net from early 2026 to date is $0.1248 (total invested capital ~ $225M).
Quick assessment: OP is deeply undervalued compared to the average accumulation price of Smart Money. Strong accumulation near the bottom around $0.08–$0.09 suggests a fairly positive foundation for medium- to long-term price action!
#op #bullish
