Whale accumulation cannot reverse the AI16Z trend as increasingly bearish technical signals emerge.
The rejection at $0.3678 and long liquidations suggest that bullish control is limited.
A whale purchased 5.57 million AI16Z Tokens worth $2 million via the Jupiter Aggregator, drawing attention as the market continues to show conflicting technical signals and sentiment.
At the time of writing, AI16Z is trading at $0.3455, down 10.38% in the last 24 hours.
Although large transactions often raise concerns, the current price action and broader derivative data suggest that the immediate direction remains unclear.
AI16Z Derivative Sentiment – Bearish signal opening position...
Open interest (OI) has decreased by 13.88%, down to $117.45 million, signaling a reduction in broad positions. This indicates that trader confidence is waning or increasing caution following recent volatility.
Leverage is also decreasing—often a sign of an upcoming trend correction. However, the sharp decrease in OI without price recovery indicates uncertainty rather than strong confidence.
Until there is new growth in positions along with increased trading volume, the market may remain volatile, with buyers hesitant at significant resistance levels.
In the last 24 hours, total long liquidations amounted to $98.81K, compared to only $3.37K in short positions. This indicates that the bulls have been caught.
Despite the sweep, AI16Z has failed to establish higher lows or reclaim previous support levels. Binance and Bybit led these liquidations, reflecting a retreat from institutions.
This imbalance creates a bearish outlook unless prices stabilize and reversal signs appear.
Source: Coinglass
Liquidation Map – Increasing short-selling pressure, but buyers lack momentum
The liquidation map shows dense short-selling leverage below $0.339 and accumulation above $0.36. At this point, $0.3455 lies within a crucial decision zone.
Although the removal of short positions below $0.34 previously spurred increases, prices could not hold those levels. This suggests that buying strength may not be commensurate with short-selling pressure.
In fact, the increasing short-selling leverage on Bybit and OKX suggests that traders expect further declines. Therefore, unless the bulls push above $0.36, short-selling pressure may regain control.
Source: Coinglass
AI16Z Technical Structure – Weak reaction at support
AI16Z bounced off the Fibonacci level of 0.382 at $0.3430, but the reaction remains weak. The Fibonacci level of 0.236 at $0.3678 has been strong resistance, rejecting bullish attempts.
At this point, the RSI is at 51.23, indicating neutral momentum but no clear bullish divergence. Additionally, failed attempts to recover to $0.36 suggest that the bulls lack follow-through.
Thus, prices may continue to oscillate or drop to $0.3229 (Fibonacci 0.5) and $0.3029 (Fibonacci 0.618) if volume does not return and RSI drifts below 50.
Source: TradingView
What's next?
Despite the $2 million purchase by a whale, AI16Z cannot maintain above significant levels.
Long liquidations dominate, OI decreases, and RSI indicates weakening momentum.
Unless the bulls reclaim $0.3678 and shift volume in their favor, bearish signals indicate that the downside risk remains high.
Although the entry of whales may indicate long-term accumulation, the short-term market structure remains fragile and prone to deeper corrections.
Source: https://tintucbitcoin.com/ai16z-dung-truoc-ap-luc-gia-can-vuot-muc-nay/
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