O Mitrade Insights dedica-se a fornecer aos investidores informações financeiras ricas, oportunas e valiosas para ajudá-los a entender a situação do mercado e encontrar oportunidades de negociação oportunas.
    2021
    Melhor Provedor de Notícias e Análise
    FxDailyInfo
    2022
    Melhores Recursos Educacionais de Forex Global
    International Business Magazine

    Lido price sustains above $3 despite massive surge in profit-taking by LDO traders

    Fonte Fxstreet
    26/01/2024 11:00
    • Lido traders realized $10.17 million profits early on January 26, as LDO price climbed to a peak of $3.048. 
    • Whales have consistently realized profits since December 25.
    • Lido price sustained above $3 despite profit-taking by large wallet addresses, as supply on exchanges plummeted to 5.69%. 

    Lido, a liquid staking service for cryptocurrencies like Ethereum, noted a surge in profit-taking activities by LDO holders. On-chain data reveals that whales are taking profits in LDO, consistently since December 25, 2023. 

    Despite profit-taking and surge in exchange supply, LDO price sustained above $3. 

    Also read: Bitcoin price range bound below $40,000 as retail traders show signs of BTC capitulation

    Lido sees spike in profit-taking by large wallet investors

    Data from crypto intelligence tracker Santiment reveals that whale wallet transactions valued at $100,000 and more coincide with spikes in Network Realized Profit/Loss. This implies large wallet investors are taking profits in LDO, consistently, since December 25. 

    LDO

    LDO whale transactions and Network Realized Profit/Loss. Source: Santiment 

    LDO Supply on Exchanges climbed from 5.09% of Lido’s total supply on January 9 to 5.69% on Friday, as seen on Santiment. Despite a surge in LDO Supply on Exchange wallets – normally a bearish sign – Lido price has sustained above the $3 level. 

    LDO

    LDO Supply on Exchanges. Source: Santiment 

    At the time of writing, Lido price is at around $3.0007 LDO has climbed past the 38.2% Fibonacci Retracement level ($3.050) of LDO’s rally from $1.458 on October 19 to $4.035 on January 11, 2024. LDO price faces resistance at $3.121 and $3.236, in its uptrend. 

    LDO

    LDO/USDT 1-day chart 

    A daily candlestick close below the 50% Fibonacci Retracement level at $2.746 could invalidate the bullish thesis for Lido. 

    Isenção de responsabilidade: Apenas para fins informativos. O desempenho passado não é indicativo de resultados futuros.
    placeholder
    Stacks price soars 15% to a new all-time high as STX TVL peaksStacks (STX) price is on a tear, following on the heels of the Bitcoin price surge, which shocked markets on Monday blasting past $57,000 and blowing $100 million in short positions out of the water.
    Fonte  Fxstreet
    Stacks (STX) price is on a tear, following on the heels of the Bitcoin price surge, which shocked markets on Monday blasting past $57,000 and blowing $100 million in short positions out of the water.
    placeholder
    USDC stablecoin issuer Circle ends support on TRON due to compliance, risk management issuesCircle, issuer of one of the largest stablecoins in the ecosystem, USD Coin (USDC), announced plans to discontinue the asset on the TRON blockchain.
    Fonte  Fxstreet
    Circle, issuer of one of the largest stablecoins in the ecosystem, USD Coin (USDC), announced plans to discontinue the asset on the TRON blockchain.
    placeholder
    SEI ventures into decentralized AI with Nimble, SEI price poised for rallySEI and Nimble have partnered to bring an ecosystem to serve and train AI models for developers and projects.
    Fonte  Fxstreet
    SEI and Nimble have partnered to bring an ecosystem to serve and train AI models for developers and projects.
    goTop
    quote