On the second day of the metaverse—who’s real and who’s fake!
SAND is up 62%, but in a 6-hour window, the big holders slid it from 1.23 down to 0.85; more than half have flipped short. OI has started to fall.
MANA is up 19%, but the big holders’ long/short ratio dropped from 2.32 to 2.00, and the old longs are slowly running.
The real accumulation is in AXS. Quietly, volume surged 4.26x. OI increased from 6.14 million to 6.66 million. The big holder at 2.07 is staying put—spot and futures moved in sync. This is Axie Infinity’s home base, not chasing hot trends—there really are people placing orders.
ENJ is similar too: OI keeps climbing steadily. The big holder LSR is holding firm at 2.10; over 60% of the long positions haven’t budged for 6 hours. For GALA, the big holder is at 2.52; about 70% are still long, but compared to the peak at 2.69, it has started to pull back.
Conclusion: SAND/MANA are already in the distribution phase—be careful when chasing higher prices. AXS and ENJ have the cleanest structures in this sector rotation; you can keep an eye on them.
#元宇宙 #GameFi
$AXS $ENJ $GALA
SAND is up 62%, but in a 6-hour window, the big holders slid it from 1.23 down to 0.85; more than half have flipped short. OI has started to fall.
MANA is up 19%, but the big holders’ long/short ratio dropped from 2.32 to 2.00, and the old longs are slowly running.
The real accumulation is in AXS. Quietly, volume surged 4.26x. OI increased from 6.14 million to 6.66 million. The big holder at 2.07 is staying put—spot and futures moved in sync. This is Axie Infinity’s home base, not chasing hot trends—there really are people placing orders.
ENJ is similar too: OI keeps climbing steadily. The big holder LSR is holding firm at 2.10; over 60% of the long positions haven’t budged for 6 hours. For GALA, the big holder is at 2.52; about 70% are still long, but compared to the peak at 2.69, it has started to pull back.
Conclusion: SAND/MANA are already in the distribution phase—be careful when chasing higher prices. AXS and ENJ have the cleanest structures in this sector rotation; you can keep an eye on them.
#元宇宙 #GameFi
$AXS $ENJ $GALA