#mantra #om The Mantra token (OM) plummeted 90% after 43.6 million tokens were transferred to exchanges, sparking concerns about potential insider selling or exchange misconduct. The Mantra team denied selling the tokens, pointing fingers at possible negligence or intentional actions by exchanges. This incident adds to the project's troubled history, which includes controversies over team members' backgrounds and questionable investment claims.
BTC is repeatedly getting rejected at the trendline resistance. If it doesn't manage to break above this level, a drop could follow, as suggested by the rejection candle. A short position could be considered, but this setup becomes invalid if BTC breaks out above resistance.
Bitcoin has broken out of its daily downtrend for the first time since January's all-time high. However, it's facing resistance above $85,000. There's growing liquidity between $86,000 and $87,000, which might get swept.