ONDO whales withdraw $14 mln – Is the market preparing for a reversal?

Massive ONDO withdrawals proceed reshaping provide dynamics with out triggering impulsive reactions. 

A newly created pockets withdrew 41.87 million ONDO, value roughly $14.34 million, from Coinbase throughout a number of tranches. 

These tokens didn’t return to centralized venues. This habits alerts intent to carry slightly than rotate liquidity. Furthermore, the staggered withdrawals recommend planning slightly than urgency. 

Comparable historic patterns usually mirror strategic positioning by long-term contributors. Nonetheless, withdrawals alone don’t dictate path. They merely cut back available provide. 

Because of this, sellers now require stronger conviction to use sustained stress. This shift subtly alters market stability whereas holding worth secure.

ONDO stays capped inside a descending channel

ONDO worth motion continues following a multi-month descending channel that has guided development path since late 2025. The higher boundary has repeatedly rejected advances, reinforcing energetic overhead resistance. 

In the meantime, the decrease boundary continues attracting patrons, stopping deeper extensions. Current upside makes an attempt stalled close to $0.38, confirming vendor presence. 

Nonetheless, draw back strikes struggled to increase under $0.33, signaling defensive demand. This tightening vary displays compression slightly than breakdown. 

Moreover, the channel slope has flattened barely, pointing to slowing draw back momentum. 

Nonetheless, construction stays dominant. Till worth challenges the channel ceiling with conviction, rallies might keep corrective slightly than impulsive.

Supply: TradingView

Momentum indicators mirror hesitation slightly than exhaustion. The each day RSI continues hovering round 35, remaining under impartial territory. 

Nonetheless, the indicator has stopped printing decrease lows regardless of repeated exams of assist. That habits usually emerges throughout late corrective phases. 

Quick-term bounces just lately pushed RSI towards 60, though sellers rapidly capped momentum. Because of this, RSI oscillates as an alternative of trending.

 Importantly, RSI prevented sustained oversold circumstances under 30, signaling restraint amongst sellers. 

However, momentum stays fragile. RSI should reclaim the 45–50 zone to assist stronger restoration narratives.

Taker patrons proceed absorbing spot promote stress

Spot taker CVD continues exhibiting purchaser dominance, notably on the 90-day view, the place cumulative delta stays optimistic. Consumers constantly elevate affords as an alternative of ready for pullbacks. 

This habits contrasts sharply with earlier sell-driven phases. Nonetheless, worth has not expanded alongside this aggression. That divergence suggests absorption slightly than momentum chasing. 

Sellers unload into demand, but follow-through weakens over time. As absorption continues, obtainable provide steadily tightens. 

Subsequently, draw back strikes lose velocity even with out speedy upside affirmation. Taker habits alerts intent, whereas construction controls timing.

Supply: CryptoQuant

Quick liquidations outweigh longs as draw back stress fades

Liquidation data confirmed the shorts absorbing considerably extra harm than longs throughout latest volatility. 

On the time of research, complete liquidations reached roughly $43,000, with brief liquidations accounting for about $43.02K, in comparison with solely $405 in lengthy liquidations. 

Binance alone recorded over $42K briefly liquidations, far exceeding long-side losses. This imbalance suggests bearish positioning had grown crowded earlier than worth stabilized. 

As shorts unwound, compelled buybacks helped take up promote stress slightly than speed up declines. 

Nonetheless, liquidation dimension remained modest general, indicating leverage publicity stayed mild. Subsequently, the market cleared bearish extra with out triggering a cascade.

Supply: CoinGlass

Quick-side liquidity builds above the present worth

The ONDO exchange liquidation map highlighted concentrated brief publicity stacked above present ranges, notably between $0.35 and $0.37. 

This clustering creates upside vulnerability. Even a modest push into this zone may stress shorts to cowl quickly. 

In distinction, draw back liquidity seems thinner under $0.33, decreasing the chance of cascade-driven selloffs. 

This imbalance tilts short-term threat towards brief sellers slightly than patrons. 

Nonetheless, liquidity stays dormant till the worth approaches these ranges. Nonetheless, the map clearly defines the place volatility may speed up as soon as momentum emerges.

Supply: CoinGlass

To sum up, ONDO now trades in a section of preparation slightly than weak spot. Provide continues tightening quietly, bearish leverage has already unwound, and patrons preserve absorbing stress. 

Nonetheless, construction nonetheless restrains growth. If participation will increase close to resistance, upside reactions may speed up rapidly. 

In any other case, consolidation might persist whereas positioning matures, delaying decision however strengthening the market’s eventual directional transfer.

Ultimate Ideas

• ONDO reveals indicators of quiet accumulation as giant withdrawals tighten liquid provide with out disrupting worth stability.
• Weakening draw back momentum and repeated absorption of promote stress recommend the market is transitioning right into a positioning section slightly than a distribution one.