ONDO Exchange Inflows Watch: Binance/Coinbase/Gate Deposits Signal Sell-Supply Risk
On-chain analysts reported recurring ONDO exchange inflows to major CEX deposit addresses, including Binance, Coinbase and Gate. The pattern appears steady rather than one-off, with transfers flagged at around ~1M ONDO in some cases and one noted move of 6.1M ONDO (about $1.65M at the time). No official announcement explained the flows.
Traders are watching ONDO exchange inflows for potential sell-supply implications. Even if deposits can precede selling, the latest reports did not indicate a confirmed mass selloff. At the same time, ONDO’s chart remains weak: daily structure is pressured, with resistance around $0.257–0.261 and key support near $0.23634. A daily close below $0.23634 could confirm a range breakdown, while MACD stays below the zero line, pointing to bearish momentum.
Net: surveillance of ONDO exchange inflows plus weakening daily technicals keeps traders in a risk-managed, sell-supply watch mode.
Bearish
ONDO exchange inflows are being reported as recurring deposits to Binance, Coinbase and Gate, which raises sell-supply expectations even though no official mass selloff has been confirmed. The latest view is reinforced by weak daily technicals: resistance at ~$0.257–$0.261, support near ~$0.23634, and MACD still below zero—conditions that tend to amplify downside if inflows later translate into distribution. Short term, this combination keeps traders cautious and biased toward downside/range-break monitoring rather than new longs; long term, absent a clear narrative or confirmation of benign flows, repeated CEX deposits can continue to cap rallies and increase volatility risk around the key support.