The front-end of DYDX was breached yesterday, @Ethena Labs na_labs announced that @securitize launched a proposal to allocate its approximately US$295 million in reserves to the @blackrock BUIDL fund...
The token $ENA $DYDX DX affected by the news produced a different market reaction, and the changes in the data are also worthy of reference and research 🧐
1️⃣ #ENAUSDT🚨 Before yesterday’s news came out, it was obvious that the giant whales were increasing their holdings and the multi-party forces favoring the bullish side. It can be seen that some people have entered the market in advance to plan for today’s rise... At present, the concentration of bullish chips has reached a high level;
2️⃣#DYDXBefore the official announcement that the front-end was breached, the concentration of long chips had dropped, whales were short, and retail investors were long. Then the price fell in response to the official news... and then whales started to open a large number of long positions...🤯
These are two great examples of event quotes! By observing changes in the data surface, you can analyze and guess possible changes!
Data source:blave.org
