ARC's recent market movement is quite interesting. Yesterday, it directly surged by 20 against the trend, and today after consolidating at a high level, it started to move upward again. From the daily chart, the signal of an upward breakout is already very clear.
The open interest on the contract side has already accumulated to over $28 million, and the project's market cap is also around $38 million, indicating significant capital attention. The most interesting part is that signs of the whales controlling the market are becoming increasingly obvious. Under these circumstances, the short-term bullish case remains quite strong.
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FrogInTheWell
· 17h ago
Yesterday's counter-trend surge was amazing, not joking at all.
With such a large move by the big players, contract holdings have reached 28 million, how can you not be bullish?
This time the breakdown feels real, not just a fake-out.
Funds are piling up at the bottom, there’s still hope in the short term.
After grinding at high levels for so long, it has to break through in one direction or another, betting on the probability to go long.
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MetaNomad
· 01-10 05:32
Pulling up 20% against the trend? That takes a lot of strength, but after consolidating and then surging again, it really shows some skill.
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NftDeepBreather
· 01-09 10:53
Pulling up 20% against the trend, this market does have some potential, but the fact that the big players are controlling the market so obviously makes me a bit wary.
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liquidation_watcher
· 01-09 10:53
Pushing up 20% against the trend is indeed impressive, but I still remain cautious about this kind of manipulation by the big players controlling the market.
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CryptoGoldmine
· 01-09 10:53
28 million holdings compared to 38 million market cap, this leverage ratio is quite interesting
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Counter-trend rally of 20% then consolidating, a classic market maker setup rhythm, the capital side is indeed stacking up
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The daily breakout signal is clear, but the key is whether the pullback support level can hold
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With such high contract holdings, the short-term rebound space might be significant, but beware of rapid withdrawal
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From the signs of control, there is indeed a main force operating, it depends on whether the enthusiasm can continue
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For a project with a market cap of 38 million, a contract holding of 28 million is already quite aggressive
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After consolidating at high levels, it continues to rise, indicating limited selling pressure, and the short-term logic still holds
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Interestingly, the speed of accumulating holdings is faster than the growth rate of market cap
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The more obvious the signs of market maker control, the higher the risk for retail investors to participate
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There are strong reasons for short-term bullishness, but the concern is a sudden cooling if capital attention remains so high
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WhaleWatcher
· 01-09 10:33
Pulling up 20% against the trend? This pace is a bit impressive, gotta keep a close watch.
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GmGnSleeper
· 01-09 10:31
It's really impressive to pull up 20% against the trend, but it's also the easiest time to get cut.
I usually stay away from coins controlled by the big players, even though they can explode in the short term.
ARC has been rising quite aggressively, but I’m not really confident to jump in.
With so many contracts stacked, it feels like there’s a story behind it.
This rhythm feels a bit familiar; the last time I saw this, I got trapped.
Short-term bullish? I think I’d rather wait for a pullback.
After consolidating at a high level, continuing upward is a bit suspicious.
A $28 million holding position—this number is a bit outrageous.
Coins clearly controlled by big players are all big traps; avoid them.
ARC's recent market movement is quite interesting. Yesterday, it directly surged by 20 against the trend, and today after consolidating at a high level, it started to move upward again. From the daily chart, the signal of an upward breakout is already very clear.
The open interest on the contract side has already accumulated to over $28 million, and the project's market cap is also around $38 million, indicating significant capital attention. The most interesting part is that signs of the whales controlling the market are becoming increasingly obvious. Under these circumstances, the short-term bullish case remains quite strong.