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- Futures inflows indicate bullish sentiment; Long/Short Ratio at 3.61.
- Spot market records negative Buy/Sell Delta, signaling selling pressure.
- Whales accumulate 121k TRUMP tokens, supporting potential upward breakout.
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Since hitting $9.25 on September 1, Official Trump (TRUMP) has been consolidating within a narrow range of $8.1 to $8.5. While retail traders have slowed down, whales and Futures traders continue to take strategic positions, signaling a potential shift in the memecoin’s trajectory.
Futures Market Shows Bullish Momentum
Data from CoinGlass reveals that TRUMP saw $88.54 million in Futures inflows against $87.39 million in outflows over 24 hours, resulting in a net inflow of $1.15 million. The Long/Short Ratio surged to 3.61, with 78% of traders holding longs and 21% holding shorts. This dominance highlights bullish sentiment among derivatives traders, suggesting confidence in a potential upward move for TRUMP.
Spot Market Activity Slows Down
Contrary to the bullish Futures activity, the Spot market experienced subdued demand. Coinalyze reports that TRUMP had a negative Buy/Sell Delta for seven of the past eight days, with 23.497 million in Sell Volume versus 22.17 million in Buy Volume. CoinGlass further noted Spot Netflow of $3.73 million, up from $187,000 the previous day—historically a precursor to selling pressure.
Whales Continue Accumulating TRUMP
Despite the Spot market slowdown, whales have been quietly stacking more TRUMP tokens. Nansen data shows a positive Whale Balance Change for five consecutive days, with top holders adding 121k tokens, up from 44k the day before. Positive balance change indicates that large investors are buying more than selling—a clear bullish signal that could support TRUMP’s next breakout.
Also Read: Trump Family Wealth Soars $1.3B After ABTC and WLFI Crypto Launches
TRUMP remains above its 9-day and 21-day moving averages, signaling short-term upward momentum. However, the memecoin sits below its Parabolic SAR at $9.16, keeping the trend bias cautious. A bullish reversal would require a close above $9.16, while failure to break this level could expose support zones at $8.43 and $8.2.
TRUMP is navigating a period of consolidation amid diverging market dynamics. While Spot traders pull back, Futures inflows and whale accumulation suggest a strategic buildup, making $9.16 the key level to watch for a potential bullish breakout.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
