Main meals
Unknown 17,157,570 OKB has a value of $ 2.06 billion to Okex. However, bUyers still control the market, as Netflow $ 8.64 million.
Since reaching $ 88, United Nations [OKB] It was circulated within a thin margin. As of writing this report, OKB was trading at $ 114, which represents a 6.28 % decrease over the past day.
During the same period, Altcoin volume decreased by 29 % to $ 331 million, while the maximum market decreased by 6 % to $ 2.4 billion.
Before this decrease, Altcoin was in an upward path, 146 % long walking on weekly plans. In the last decline, large entities make large movements, and expect prices to fluctuate.
$ 2.06 billion in OKB has been transferred
As prices drop significantly amid the wider encryption market correction, OKB holders seem to transport their coins.
according to Pisces alertA large amount of money has been transferred from an unknown portfolio to Excination Okex.
In this conversion, this portfolio transferred $ 653.6 million from USA and 17157,570 OKB at a value of $ 2.06 billion.
Source: Witness of the whale
Amid these transfers, the most important amount was 8,818,097 OKB code of about $ 1 billion. Such huge transfers can indicate several things.
For beginners, investors may be preparing for a large movement, an institutional emptying process, or simply converting into a hot portfolio in anticipation of volatility.
Not sold yet
Surprisingly, although he moves to exchanges, it appears that these coins will be sold yet. On the contrary, buyers have been in control, as evidenced by exchange flows.
Source: Coinglass
According to Coinglass, Netflow rejected the OKB spot to negative lands after the positive for two days. At the time of the press, this scale was -8.64 million dollars, indicating an external flow compared to the flow.
Usually, when the flow of external flows, it means high purchase pressure, which Often price gains are preceded.
The futures market market is still down
Ambcrypto analysis of the derivative market showed that investors rushed with low prices.
According to Coinglass, the volume of OKB derivatives decreased by 4.76 % to $ 33.5 million, while the open interest decreased by 1.14 % to $ 3.99 million.
Source: Coinglass
Usually, when OI and the size of the size decrease alongside each other, it indicates a reduction in sharing and capital flow in the futures market.
Meanwhile, the long/short/short altcoin ratio decreased to 0.90, indicating a high demand for short situations. When future contracts record the high demand for short pants, this means that most participants are betting on prices to decline.
There is no effect on the price
OKB has seen a great demand as some buyers returned to the market to buy DIP.
At the present time, the recent effect of the transfer to the stock exchanges has not yet been done. If these conditions remain, with great purchase pressure, OKB will see the reflection of the direction and restore $ 130.
However, if the 2.06 billion dollars conversion operations turn into the stock exchanges, the downward trend will continue, and OKB will decrease to $ 93.
