DOT drops after bullish breakthrough news, with institutional trading volume surging by 340% – there's a deeper meaning behind it

robot
Abstract generation in progress

【CryptoWorld】The news that a compliant platform launched support for the Polkadot ecosystem once sparked market enthusiasm, but DOT’s actual performance has been disappointing. The price dropped to $1.83, breaking below the previous support level of $1.90, with a decline of 3%. More notably, the abnormal trading activity—24-hour trading volume surged to 9.47 million tokens, far exceeding the daily average level by 340%. Behind this sharp fluctuation in trading volume, institutional investors’ reduction in holdings is evident. On the technical side, a downward channel has already formed, with significant resistance around $1.90 in the short term. If the pressure continues, the $1.75-$1.80 region may become the next testing point.

DOT5.1%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Repost
  • Share
Comment
0/400
GateUser-c799715cvip
· 4h ago
Institutions are harvesting again, selling off on the rebound. I'm really tired of this routine.
View OriginalReply0
degenonymousvip
· 12-17 18:29
Institutions are dumping again; positive news are all just a smokescreen.
View OriginalReply0
SybilSlayervip
· 12-17 18:24
It's the same old trick again: positive news causes a dump, institutions cash out, and retail investors keep buying the dip.
View OriginalReply0
CafeMinorvip
· 12-17 18:23
Another bullish move being pushed down, the institutions' tactics are still the same.
View OriginalReply0
AirdropHunter9000vip
· 12-17 18:17
Positive news causes a sell-off, the institutions' move is really ruthless, and we retail investors are once again being harvested.
View OriginalReply0
SudoRm-RfWallet/vip
· 12-17 18:09
Positive news causes a sell-off, old trick, institutions are dumping.
View OriginalReply0
GateUser-1a2ed0b9vip
· 12-17 18:08
Good news actually causes a sell-off; this trick is getting old, and institutions are again harvesting the little guys.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)