Whale Dumps $13.5 Million of Virtual Protocol (VIRTUAL): Report
In the continuous market recovery, the Virtual protocol’s local token Virtual in the past 24 hours, due to its huge price momentum, it has attracted widespread attention. On January 31, 2025, the price of this asset exceeded 50 %.
Virtual inflow worth $ 13.5 million
However, this large -scale rising rally has aroused great attention from investors, whales and businessmen, leading the token cards to lose most of their benefits.
Data from chain analysis company Small shop It is revealed that as the price has soared, long -term holders, whales and investors believe that this is a perfect selling opportunity and began to sell its virtual token.
The inflow/outflow on the chain indicates that the communication of the entire cryptocurrency landscape has witnessed a virtual token worth $ 13.5 million. This inflow shows that in a large -scale rising rally, investors’ selling potential selling can lead to a decline in selling pressure and further prices.
However, Virtual witnessed the price decline and experienced sales pressure.
Current price motivation
The transaction price of the asset is close to $ 2.15, and currently only holds 1.85 % of the income in the past 24 hours. At some point today, this income exceeds 50 %. During the same period, due to the large number of investors and traders, Virtual’s transaction volume soared by 280 %, indicating that the participation was great.
Traders bet at 8.3 million US dollars on short -sided
However, considering the current market emotions, not only investors, but also traders have begun to bet on the drop, which completely changed the market’s emotions.
COINGLASS data shows that the level of $ 2.396 is a place where short -selling people are excessively leveraged and have a short position worth $ 8.3 million. At the same time, the Bulls seem to be exhausted because their leverage rate is as high as $ 2.125, where they hold a long position worth 2.14 million US dollars, which is a quarter of the short position.
Virtual protocol (virtual) technical analysis and upcoming level
According to expert technical analysis, Virtual It seems to be neutral, because it is at the level of bulling and inverted, and the shoulder action mode is side by side. However, the businessmen and investors who purchased after the breakthrough have received huge returns, and they may withdraw from the transaction through profit booking.
Based on the recent price movement and historical momentum, virtual may continue to see some price correction or merger at the current level.
