#THE Surges Over 30%, Has the Bottom Been Successfully Established?
After a decline of 75% from its peak, $THE has rebounded over 30%, with its market capitalization exceeding $140 million again!
🔹 Key Data
Daily trading volume has rebounded from $75.06 million to $158 million, a 55% increase from the lowest point! TVL has bounced back from a low of $28.89 million to $80 million, showing a trend of capital inflow.
Spot Trading Binance is the largest exchange for $THE, with a 24-hour trading volume of $47.24 million, accounting for 51% of the total trading volume! In the past 5 days, a total of 5,685,021 $THE (worth $9M) has been deposited into the exchange! In the past 10 hours, $1 million in funds flowed in to purchase $THE, driving the price rebound over 30%!
Perpetual Data Binance's perpetual contract trading volume reached $21.59 million, with an open interest value of $27.30 million. In the past 7 days, the active selling volume exceeded the buying volume by 2%, with bears dominating the market, and the current funding rate is -0.06%. ⚠️ Note: Bears are in control, be cautious of possible explosive market conditions!
On-Chain Data Highly centralized: The top ten holding addresses hold 92.93% of $THE! The 2nd, 3rd, and 7th largest holding addresses are Binance addresses, collectively holding 63,300,715 $THE, accounting for 74% of the circulating supply!
Whale Activity Address 0x2db9e2a59c1e9fbb2cd2bf445794e629cc9efd25: On December 16, withdrew 158,513 $THE (worth $258,116) from Bybit at an average price of $1.63. It has now become the 25th largest holding address, achieving a 10% return in 13 days!
Summary and Outlook 1️⃣ Significant capital inflow, funding rates have turned positive, and the market is gradually returning to balance.
2️⃣ Analyzing the top 100 addresses, no signs of large holders reducing their positions on-chain have been found, indicating strong control still in place.
Since $ACT was listed on #Binance, the price has fallen by nearly 70%, and the market value has dropped from $900 million to $280 million.
🔹 Market volume changes
In the past 24 hours, $ACT's trading volume was $113 million, down about 93% from its historical high ($1.65 billion). #Binanceis still the main trading platform, with a 24-hour trading volume of $33.99 million, accounting for 30% of the total.
🔹 Perpetual contract market
Contract trading volume: $ACT contract trading volume in the past 24 hours was $124 million, which is 3 times the spot trading volume.
Contract holdings: 111 million $ACT, holding value of $34.54 million, handling fee 0.01%-0.02%.
Activeness of large investors: The current ratio of long to short positions of large investors is 3.42, and the ratio of holdings is 3.16, which shows that large investors in the market pay more attention to the future trend of $ACT.
🔹 Dynamics of the top 100 coin holding addresses (5 whales have opened positions)
Operation: In the past 2 days, 130,000 $ACT were sold at an average price of $0.312. Cost: Purchased at a cost of $0.1, and currently still holding 322,357 $ACT, with an investment return rate of 155%.
🔹 Comprehensive analysis
1️⃣ Weak spot market: Trading volume and number of traders continue to decline, indicating that $ACT is gradually losing market attention.
2️⃣ Price falls, big investors open long positions: Prices continue to fall, and big investors maintain long positions, which may reflect different interpretations of market trends.
$UXLINK 24-hour increase of more than 60%, market value exceeds 450 million US dollars! 📈
24-hour trading volume: 8.3 billion US dollars! Occupies the Upbit ranking 30-day increase: from $0.52 to $3.52, an increase of 576%, and the market value has exceeded 598 million US dollars!
🔹 Spot trading data
Supported exchanges: 35 CEXs Top ten exchanges 24-hour trading volume: $457 million OKX is the largest exchange, with a trading volume of $240 million (52%) Buy/sell order depth ratio: 10.7:17.3 🔹 Perpetual contract data
CEXs that support perpetual trading: 25 Top ten CEX 24-hour trading volume: $13.4 billion Toobit Futures is the largest exchange, with a trading volume of $3 billion (30%)
🔹 On-chain data
Total holding addresses: 125,731 The top ten holding addresses hold a total of 980,364,687 $UXLINK (worth $2.63 billion), accounting for 69.4% of the circulation OKX is the largest holding address, holding 76,573,859 $UXLINK (worth $198 million), accounting for 43% of the circulation Bithumb holds 6,015,505 $UXLINK, worth $11.55 million Upbit holds 2,980,745 $UXLINK, worth $7.71 million 🔹 Smart Money:
Wallet address: 0x14B012e004082304f1E17AacE225461854625Df4 9 hours ago, 426 $UXLINK were sold at an average price of $2.71, achieving a 122% return on investment in 6 days!
Note: Bought at an average price of $1.22 6 days ago!
Since its launch on #Binance, $PNUT price has fallen by 70%, market value has dropped from $2.27 billion to $752 million (a decrease of 66%), and daily trading volume has dropped from $5.777 billion to $530 million (a decrease of 92%).
In the past 5 days, a total of 57.49 million $PNUT were sold on #Binance.
Analysis of Binance leverage data
1️⃣ Growth rate of leveraged stock:
The peaks occurred on 11/30, 12/13, and 12/16, reaching 6.1%. Whenever this peak is approached, market fluctuations will be triggered. When the bottom rebounded on 12/20, there was also an upward trend.
2️⃣ Bullish trend:
Since 12/18, long orders have gradually increased, but there has been a pullback since 12/21, indicating that the bulls have begun to take profits.
On-chain data overview
🔹 Total coin holding addresses: 79,079
🔹 Top 10 holdings: 694 million (69.4% of total)
🔹 Largest holding wallet: #Binance , holding 425,185,442 (42.52%)
🔹 Top 100 holdings: 89.35%
🔹 Top 100 average purchase price: $0.22078 (floating profit 243.2%)
Large investor movements 🐳
20th coin holding address:
📉 1 day ago, sold 25K $PNUT at an average price of $0.67;
💰 Current holdings: 4,972,144;
💹 Average cost price: $0.04; floating profit: $3.53 million.
In the past 3 days, $BAN's contract position on #Binance has decreased to $21.97 million! A reduction of 45% from the peak! The funding fee is still above 0.04%!
The opening price for $BAN long positions is between $0.12 and $0.13. When it spikes to around $0.06, will clearing with 2x leverage create a new "opportunity"?
#AAVE Driven by positive news, the price rose by 32% and broke through $360! 🚀💸
2 hours ago, a smart address deposited 5,990 $AAVE ($2.11M) into Coinbase! He bought these tokens at an average price of $238 between 12/2 and 12/3, and deposited them into the exchange at an average price of $352.
💰 If all are sold, the profit will be $682,000 (+32%)!
#LINK Driven by favorable news, the price increased by 30%, and the swing master stopped profit and exited! 🚀💸
50 minutes ago, 2 addresses suspected to be the same person deposited 147,434 $LINK ($4.29M) into Coinbase! He bought these tokens at an average price of $22.2 the day before, and deposited them into the exchange at an average price of $29.2 at present.
💰 If all are sold, the profit will be $1.03 million (+31%)!
2 hours ago, 2 new addresses suspected to belong to the same person/institution withdrew 4.8 million $COTI (worth $789K) from Coinbase at an average price of $0.16!
📦 Address details:
0x63eb → 3,418,895 $COTI (worth $562,213)
0x3202 → 1,384,040 $COTI (worth $227,618)
🔍 How will this wave of activity regarding #COTI unfold?