In 24 hours, near-deal agreements rose 1.93% to 15:00 on August 8, rising from $2.59 to $2.64. The token trades between $2.54 and $2.71, with industry executives saying the range is 6.84%, highlighting the ongoing structural weaknesses in the cryptocurrency market and the need for clearer regulation. “These turbulent trading patterns highlight the need for a stronger market infrastructure and a clearer regulatory framework,” said senior director of a large digital asset trading company.
Institutional flows drove most of the activity, with the number soaring to 18.9 million units. Analysts point out that the $2.62 to $2.66 region is the focus of corporate treasury and hedge funds. The sharp rejection of $2.67, accompanied by more than 120,000 units sold in four minutes, reflects the algorithmic trading model that has attracted the attention of regulators.
Market observers say the combination of a large number of institutional purchases and fast sales shows that the maturity of corporate participation in cryptocurrencies has also attracted steady attention.
Financial indicators and investment analysis
- It fluctuates almost in the frequency band of $0.18, representing a volatility of 6.84% between support of $2.54 and resistance level of $2.71.
- In the Asian market hour, the peak of institutional trading activity reached 18.9 million units, surpassing the typical corporate trading model.
- The $2.62-$2.66 merger attracted the company’s investment flow and institutional accumulation strategies.
- The $2.67 level triggers the system’s sales agreement, executing over 120,000 units in the sequence of algorithmic transactions.
- The peak meetings in the centralized sales window fell by 1.13%, indicating that the institutional risk management program remained active.
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