$ADA Giant Whale 105 million pieces of dark operations! Will there be major movements tonight?
MACD has a dead cross above water, trading volume cut in half, around $0.93 becomes a meat grinder for bulls and bears! The giant whale is harvesting in both directions with ETF news, the night is destined to be bloody!
1. Latest on-chain news: Large funds are flowing secretly!
1. The Cardano Foundation transferred 105 million ADA to Binance, increasing on-chain selling pressure, and Grayscale's holdings slightly increased by 1.8%, showing signs of institutional buying on dips.
2. Rumors of protocol upgrades are driving FOMO sentiment in the community, and the SEC has postponed ETP approval until October, allowing bears to take advantage.
3. Binance funding rate is 0.12%, the battle between bulls and bears is heating up!
Note! Large funds are creating panic to accumulate, short-term volatility is intensifying but the bottom is approaching.
2. Technical aspect: Bearish dominance!
1. In terms of MACD: DIF is less than DEA, the dead cross continues, momentum bar -0.0075, bears dominate the trading volume.
2. In terms of trading volume: Actual trading volume is 58M, which is a 40% decrease from estimates.
3. In terms of moving averages: MA5 has significant resistance in the moving average system, MA5 has crossed below MA10 forming a dead cross, around $0.86 becomes a key resistance area.
Remember! The market doesn't believe in tears, just act!
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