- Two whales, meteora and binance, cover opposing positions on Trump – buys one while the other sells.
- Interestingly, Binance traders are not tailored to the position of the stock market because they continue to open long bets on the active.
In the last 24 hours, official Trump [TRUMP] has registered a modest price increase, in which the level of $ 8.20 is recovered. However, the short -term potential of the active remains uncertain while whales oppose each other.
Market traders, on the other hand, seem more decisive about where they expect Trump to go. Nevertheless, further analysis of Ambcrypto reveals a more complex image.
Whales struggle about Trump with a variety of positions
Two major crypto entities (meteora and binance) each held a significant Trump supply, have taken opposite views.
In the last 24 hours, Meteora recorded a negative exchange network flow of $ 1.84 million in Trump -Tokens, which suggests that accumulation. This brings his Trump holdings to $ 121 million, which usually indicates a bullish sentiment.
Source: Arkham Intelligence
In the meantime, Arkham data shows that Binance has been moved in the opposite direction. When Meteora accumulated, Binance saw a positive Netflow of $ 2.04 million in Trump, which indicates a sale.
This collision between whales can increase volatility, so that retail participants will not be sure of marketing and may reduce their exposure.
Despite these developments, however, Binance still holds the second largest Trump position, with $ 227 million in tokens.
Interestingly, retail investors on Binance did not follow the disadvantage of the entity. Instead, they remained Bullish.
Retail traders on Binance remain Bullish
The analysis of Ambcrypto show that Binance Retail investors open long positions, supported by rising financing rates and open interest. This divergence is unusual, because retail traders often follow the management of whales.
The financing rate that is used to determine which market side (bulls or bears) pays the financing costs, it appears that Binance Bulls is currently under control.
It has risen to 5.1%, suggesting that most Binance retail traders are bullish and position for an upward move.
Source: Arkham Intelligence
In addition, the open interest on Trump has reached $ 95.41 million on Binance, which indicates the growth of the Futures contract size.
Combined with the positive financing percentage, this means that the open interest is largely dominated by long positions, which strengthens the expectation that it could actively higher trends.
Up of Down: Where is Trump going?
At the time of the press, Trump can go in both directions, that is an upward rally or trend lower. The liquidation HeatMap emphasizes liquidity on both sides of the current price and offers mixed signals.
Liquidity zones often act as magnets and attract prices to them. With considerable liquidity above and below the current level, the market remains at a critical intersection.
Source: TradingView
However, the Trump Daily Chart offers a clearer view. Trump recently broke from a bullish falling channel, which points to a potential movement higher.
For the rally to solidify, Trump must first break the resistance of $ 8,729. If successful, the next obstacle is in the supply zone between $ 10,707 and $ 12,364.
Cleaning up this range can clear the road for a further meeting to $ 17 and possibly $ 24.