Liquidity providers move $6.8M in ONDO: More sell pressure ahead?

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CEXs and market makers moved over $6.83 million worth of ONDO tokens to exchanges to find buyers, with FalconX sending $3.89 million to Binance and Ondo Finance transferring $1.46 million to Coinbase. Despite these massive transfers, ONDO’s price remains stable between $0.34 and $0.35, with trading volume down 39% to $56 million. The market structure remains weak with bearish momentum for four consecutive days and Futures outflows reaching $444 million versus $410 million in inflows. If sell pressure intensifies, the $0.32 support level could be tested.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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