$ORDI
The open interest has only increased a bit, and it is basically flat with the price. ORDI is a coin that is strongly controlled by the whales; this recent pump actually didn't cost much money to push up. It’s just a transfer from one hand to another, with little retail involvement; the market is very light.
Yesterday's article mentioned that if this pullback doesn't break 45 after the recent drop, we will remain bullish. Today, during this pullback, the lowest point was around 45.9, where it stabilized, so we still maintain a bullish outlook.
Here, I boldly speculate on two possible future trends, both illustrated in the chart. This coin is purely controlled by the whales; it has washed out many retail investors during a long period of consolidation. If the whales want to pump it, it can soar.
If it breaks below 45, then everyone can just disperse. This operation is just playing with us 👀