Markets· ★★· bearish·

Wormhole drops 10% in a day as OKX whales sell and Binance whales accumulate

  • —W is down roughly 10% in a day and 24% over the week
  • —Whale Retail Delta rose to 0.323, showing whale dominance
  • —OKX whales were heavily bearish; Binance whales were accumulating
  • —Funding rate improved from -0.0484% to -0.0083%
Why it matters: Fading shorts and Binance accumulation could set up a rebound, but without fresh buying W may stay subdued or fall further.
Source: AMBCrypto