OKB Rallies to $135, Then Turns Bearish on Whale Sell-Off
OKB surged over 160% in 24 hours, briefly topping $135 before retreating to around $104. Data from Nansen shows a 36% rise in exchange inflows (about $58 million), raising sell-pressure risks. However, the top 100 OKB addresses have increased holdings by 25%, suggesting whales may absorb outbound orders.
Santiment reports negative weighted sentiment, rising funding rates and increased short positions, signalling a bearish reversal. Technicals show RSI bearish divergence, Chaikin Money Flow forming lower peaks and ADX at 24. Weekly and Fibonacci charts highlight critical supports at $102 and $81.96, with possible drops to $90, $78 or $44.20 on breakdown. Traders should watch exchange flows, whale activity, sentiment and support levels for entry and exit signals.
Bearish
Despite the initial rally indicating bullish momentum, the surge in exchange inflows and profit-taking by large holders has shifted the outlook bearish. Rising short positions, negative weighted sentiment and technical signals—such as RSI bearish divergence, lower Chaikin Money Flow peaks and key support tests at $102 and $81.96—increase the likelihood of a trend reversal. In the short term, breaking below these supports could trigger cascading liquidations and accelerate downward pressure. Over the longer term, sustained whale accumulation may offer buying opportunities at lower levels, but the current indicators suggest caution. Traders should prepare for continued volatility and potential decline in OKB prices.