After experiencing a violent shakeout with intraday gains exceeding 3x and nearly 30% on the 1-hour timeframe, short-term trading on the $CZ order book has heated up again. The buy-side demand that actively steps in to absorb liquidity remains highly concentrated.
With a market cap of $2.45 million, on-chain turnover shows a clear buyer-dominant pattern: in the past 24 hours, the total matched trades across the network exceeded 22,900 transactions and the trading volume surpassed $2.73 million. Among them, buy orders accounted for 14,600 trades, significantly outpacing sell orders by 8,250. During the recent price rebound of over 20% within about the last 5 minutes, the number of buy-side transactions was also more than double that of the opposite side. At present, the number of on-chain addresses holding positions has exceeded 11,400. More than 430 Binance wallet addresses together have absorbed 10.41% of the allocation, while the project team’s holdings account for only 0.02%. The concentration ratio of the top ten addresses is also just 16.56%.
However, behind the high-frequency turnover, liquidity depth remains the most critical consideration. Currently, the on-chain liquidity pools total about $158,000. Intraday trading volume is more than 17 times the size of the pool. Even with 56 bundled wallets, they still hold 9.69% of the allocation. In a relatively limited pool environment, slippage losses during large-amplitude shakeouts still need to be kept in mind.
#BNBChain #Crypto
With a market cap of $2.45 million, on-chain turnover shows a clear buyer-dominant pattern: in the past 24 hours, the total matched trades across the network exceeded 22,900 transactions and the trading volume surpassed $2.73 million. Among them, buy orders accounted for 14,600 trades, significantly outpacing sell orders by 8,250. During the recent price rebound of over 20% within about the last 5 minutes, the number of buy-side transactions was also more than double that of the opposite side. At present, the number of on-chain addresses holding positions has exceeded 11,400. More than 430 Binance wallet addresses together have absorbed 10.41% of the allocation, while the project team’s holdings account for only 0.02%. The concentration ratio of the top ten addresses is also just 16.56%.
However, behind the high-frequency turnover, liquidity depth remains the most critical consideration. Currently, the on-chain liquidity pools total about $158,000. Intraday trading volume is more than 17 times the size of the pool. Even with 56 bundled wallets, they still hold 9.69% of the allocation. In a relatively limited pool environment, slippage losses during large-amplitude shakeouts still need to be kept in mind.
#BNBChain #Crypto