$TON Bearish momentum: TON has decreased by 5.49% to $1.45 amid outflows of $48.9k and systemic fear, breaking through key short-term support levels.
Surge in staking by whales: A transfer of whale for $20.08 million towards staking reduces the circulating supply, signaling confidence despite the current market volatility.
Divergence among large investors: While the short positions of whales dominate, top traders are accumulating at lower levels, suggesting a possible formation of a local bottom.
Staking incentives: Binance offers up to 20.5% APR on locked TON staking, providing high-yield opportunities to offset price declines.
Technical outlook
Price trend: TON has decreased by 5.49% to $1.45, breaking support at $1.50 with resistance near $1.75 in the presence of hourly net outflows of $48.9k.
Technical signals: MACD and Bollinger indicators confirm bearish momentum with 60.9% accuracy, while the RSI suggests that the bottom has not yet been reached.
Market sentiment: A 1:13 gain-loss ratio on Binance and a Fear & Greed index of 28 indicate systemic risk and a high potential for deleveraging.
Whale positioning and flows
Profitability of short positions: 94% of short positions are in significant profit, having entered at an average price of $1.754, creating high squeeze potential.
L/S ratio: Sentiment remains bearish with a ratio of 0.36, although top traders are starting to accumulate at these lower levels.
Whale activity: 145 short positions against 130 long indicate a dominant bearish positioning, but the "Top Play" buy signals suggest a cooling of selling.
Whale confidence in staking
Whale movement: 13.75 million TON ($20.08 million) has been moved to staking, reducing the circulating supply.
Market impact: This institutional shift toward long-term holding suggests confidence in the network's security despite short-term price pressure.
Staking rewards on Binance
High yield: Earn up to 20.5% APR through Binance Simple Earn Locked Staking.
Locked staking: Secure rewards by contributing to the stability of the TON network through simple participation.
Trading strategy
Short-term: Watch for support at $1.40. A breakout above $1.65 could trigger a significant short squeeze towards $1.75. Key risk: systemic market fear.
Mid-term: Accumulate if top trader purchases persist and net outflows stabilize. Focus on the $1.40–$1.50 range for strategic spot entries.
Long-term: Utilize Binance's 20.5% APR staking for passive growth as the TON ecosystem matures and the circulating supply remains limited.