The whale's washout knife is too fast, retail investors' blood and flesh build a high platform.
News front: Whales are dancing, and big shots are taking the stage.
Last night, Trump Media Group (TMTG) suddenly announced it would raise $2.5 billion through Bitcoin financing. Although it is not directly related to TRB, it ignited the sentiment in the crypto market, causing small coins to rise collectively. More importantly, on-chain action: whale 0xdCaC3 dumped 205,000 TRB (accounting for 8% of the circulating supply) to OKX within hours, worth nearly $12 million. This kind of obvious selling should have crashed the price, but it was interpreted as the bad news having been exhausted, attracting trend-following investments. Coupled with the recent release of the Layer1 new chain white paper by the Tellor team, the staking mechanism favors stimulating the holders' reluctance to sell.
Technical perspective: Divergence signals and trap set by the market maker.
Initial signs of bottom divergence but weak:
On the 4-hour chart, when the price fell to a low of $25.85, the MACD green bar did not create a new low, suggesting that the downward momentum is weakening and the demand for a rebound is accumulating.
Counter-trend pump amidst death cross:
Before today's surge, the MACD just formed a death cross below the zero axis (a typical bearish signal), yet the market maker violently pumped against it, deliberately creating a technical contradiction that triggered a short squeeze.
Operation summary: Quick in and out, do not linger in battle.
Short-term rebound play: If it stabilizes above $62.5 (current floating range), one can try a small long position with a target at the previous high of $63.34, and stop loss below $60.
Beware of the giant sickle reappearing: The circulating supply of TRB is only 2.55 million, with the top ten addresses controlling nearly 50%, and wild swings are the norm.
Leverage is a grave: Negative rates entice speculation, which once reached -2000%, but even a 3x leverage struggled to escape liquidation during the market maker's washout.
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