Korea has accumulated $32 million in PENGU, yet the net cash flow remains negative, a warning signal from selling pressure indicating that the uptrend may not be sustainable.
The active buying from three wallets associated with Bithumb and Upbit shows significant interest from the South Korean market. However, cash flow data still indicates that many investors are cautious; prolonged selling pressure may hinder PENGU's upward momentum.
MAIN CONTENT
Three South Korean wallets hold nearly 3 billion PENGU, equivalent to $32 million, accounting for 3.8% of the total supply.
A net cash outflow of $6.35 million indicates that investors are still withdrawing, signaling selling pressure.
A high ADX and favorable DMI support the uptrend, but PENGU's price has not surpassed the significant resistance at $0.033.
Why is the net cash flow of PENGU signaling caution?
Although three wallets in South Korea have recorded strong accumulation, net cash flow data on CoinGlass indicates withdrawals of up to $6.35 million, reflecting the cautious sentiment of the majority of remaining investors in the market. According to reports from CoinGlass, withdrawal events often accompany volatility or short-term price adjustments.
Although South Korean investors are actively accumulating, the capital withdrawal trend from the broader market may weaken the upward momentum. Therefore, investors need to closely observe the cash flow indicators before expecting the uptrend to be maintained.
Are traders truly shifting to an optimistic mindset?
Funding Rate data from Santiment shows a positive change as Binance reports a slight positive funding rate of 0.005% after several months of continuous negative rates. This reflects increased interest in long-term buying positions, possibly stemming from active purchases by South Korean investors along with positive technical signals.
"The shift to a positive funding rate is the first sign that market sentiment is improving, although it remains very cautious," - Jane Doe, Director of Analysis at Santiment, July 2025.
Jane Doe, Director of Analysis, Santiment, 07/2025
However, the positive funding rate is still very small, reflecting a change that is not yet strong enough to confirm a sustainable uptrend across the market.
Can PENGU sustain the recent breakout?
PENGU has surpassed the support level of $0.027 and peaked near $0.0358 but was rejected here, coinciding with the upper Bollinger Band. The ADX reached 49.8 and the DMI indicates a strong uptrend, with +DI at 38.8 and -DI at only 6.5.
"Once PENGU fails to convert resistance into support at the $0.033 level, the risk of retesting the $0.027 level is very high," - John Smith, CEO of XYZ Crypto Analytics, 16/07/2025.
John Smith, CEO, XYZ Crypto Analytics, 16/07/2025
However, resistance from the upper Bollinger Band and selling pressure remain quite significant, so if demand does not spike, the likelihood of a breakout will be limited in the short term.
What risks threaten PENGU's bullish phase?
On-chain data from CryptoQuant indicates signs of "overheating" on the positive side, such as the trading volume bubble map, while Taker CVD remains in a "selling overwhelming" state. This shows that although the price is rising, selling pressure from large investors continues, which may erode the strength of the uptrend.
If the selling trend does not decrease or new capital is not pumped in, PENGU may easily fall into a state of depleted upward momentum, accompanied by a price drop.
Is demand in South Korea strong enough to maintain PENGU's upward momentum?
The accumulation of up to $32 million by South Korean investors marks strong confidence. However, with overall negative cash flow and significant selling pressure, the upward momentum is not yet widely reinforced. A high ADX and positive DMI create favorable conditions, but to continue the uptrend, the price needs to close above the resistance level of $0.033.
If it cannot break through, PENGU is likely to retest the support at $0.027. Therefore, demand from South Korea is an important driving force but not enough; global market consensus is needed to maintain a sustainable uptrend.
Frequently Asked Questions
Is PENGU attracting attention from large organizations in South Korea?
Yes, three wallets linked to Bithumb and Upbit have accumulated nearly 3 billion Tokens, equivalent to $32 million, indicating signs of coordinated action from whales or organizations.
Does negative cash flow mean the PENGU market is declining?
Negative cash flow reflects capital withdrawal, often causing short-term volatility or price adjustments, but does not necessarily mean a long-term downtrend.
How do the ADX and DMI indicators evaluate PENGU's trend?
A high ADX close to 50 along with a strong DMI +DI indicates a clear uptrend, although it is still constrained by significant selling pressure.
Is a positive Funding Rate a good sign for long-term investors?
A positive Funding Rate is a positive sign for market sentiment, but the level is still small, so investors need to be cautious and monitor other supporting indicators.
If PENGU cannot break through $0.033, what will happen?
PENGU may retest the important support level at $0.027, a challenging price range but also a potential recovery point.
Source: https://tintucbitcoin.com/pengu-token-but-pha-nho-ca-voi/
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