Recently, interesting changes have appeared in DUSK's on-chain data. Although the price still appears to be fluctuating, three new addresses have collectively withdrawn about 12 million DUSK from exchanges, worth over 4 million USD.
What does this usually indicate? A accumulation signal. Funds are quietly withdrawing from exchanges, diluting liquidity. The problem is, the contract market hasn't shown any obvious reaction yet. This easily brings to mind a classic but proven trading tactic—first dumping to push the price down and attract accumulation, then suddenly pumping the price once enough chips are gathered, and reversing to wipe out those following the short positions.
If you're interested in this asset, you might consider a light long position in the 0.32-0.33 range, with a stop loss at 0.31. Theoretically, there is room for a rebound. But honestly, this strategy has a prerequisite—if the market doesn't show any movement tomorrow, the plan needs to be adjusted.
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rekt_but_not_broke
· 12h ago
Three addresses directly withdrew 12 million, and 4 million dollars are gone just like that. The trading gains are so fake, haha.
Enter at 0.32 to gamble a bit; anyway, I've already gone bankrupt before, so this small loss doesn't matter.
If I don't move tomorrow, I'll run. Saying stop-loss at 0.31 is easy, but is it really feasible to execute?
Wait, is this routine the same as the last XYZ wave, are we about to get chopped again?
Large withdrawals usually aren't a good sign unless it's the market maker accumulating positions.
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MoonlightGamer
· 12h ago
Wow, the big players are starting to quietly accumulate again. This tactic is so familiar.
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ColdWalletGuardian
· 12h ago
Hmm... A $4 million buy-in is quite interesting.
Really? If the price stays dead tomorrow, I'll withdraw first.
That tactic of smashing the market to absorb shares, someone always falls for it.
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0xSunnyDay
· 12h ago
Wait, three addresses withdrawing a total of 12 million tokens in one go? That's a bit aggressive. Liquidity is indeed deteriorating.
Recently, interesting changes have appeared in DUSK's on-chain data. Although the price still appears to be fluctuating, three new addresses have collectively withdrawn about 12 million DUSK from exchanges, worth over 4 million USD.
What does this usually indicate? A accumulation signal. Funds are quietly withdrawing from exchanges, diluting liquidity. The problem is, the contract market hasn't shown any obvious reaction yet. This easily brings to mind a classic but proven trading tactic—first dumping to push the price down and attract accumulation, then suddenly pumping the price once enough chips are gathered, and reversing to wipe out those following the short positions.
If you're interested in this asset, you might consider a light long position in the 0.32-0.33 range, with a stop loss at 0.31. Theoretically, there is room for a rebound. But honestly, this strategy has a prerequisite—if the market doesn't show any movement tomorrow, the plan needs to be adjusted.