ONDO is very eye-catching in the red today, but I’m bearish on the capital flow side — someone is using the hype to unload.
I came across some on-chain data: an address that had been holding ONDO for more than a year sold everything at once, worth several million dollars — choosing to exit at this level after accumulating for a year is a signal worth thinking about.
The RWA group itself doesn’t look warm either: OCEAN and CFG are both still green, and only ONDO is showing a bit of red. This kind of lone red is most afraid of a follow-through drop.
It’s been green for 60 days already, and today’s bounce looks more like providing an exit for people above, not fresh money coming in.
My discipline: if the rebound to the daily high at 0.5008 has no volume, I’ll keep selling; only if it gets back above do I talk about a repair. If the daily low at 0.4395 breaks, I’m looking straight at 0.4194.
Whale cashing out — are you following or not? If you are, type 1; if not, type 2$ONDO $OCEAN #RWA #MarketAnalysis
I came across some on-chain data: an address that had been holding ONDO for more than a year sold everything at once, worth several million dollars — choosing to exit at this level after accumulating for a year is a signal worth thinking about.
The RWA group itself doesn’t look warm either: OCEAN and CFG are both still green, and only ONDO is showing a bit of red. This kind of lone red is most afraid of a follow-through drop.
It’s been green for 60 days already, and today’s bounce looks more like providing an exit for people above, not fresh money coming in.
My discipline: if the rebound to the daily high at 0.5008 has no volume, I’ll keep selling; only if it gets back above do I talk about a repair. If the daily low at 0.4395 breaks, I’m looking straight at 0.4194.
Whale cashing out — are you following or not? If you are, type 1; if not, type 2$ONDO $OCEAN #RWA #MarketAnalysis