DOT Price Plummets 5.6%, But Whales Remain Bullish

Polkadot's price plummeted 5.6% to $1.15 in the last 24 hours, landing precisely on its 20-day moving average.

The move was not a result of institutional selling, but rather a liquidity vacuum caused by temporary absent bids, according to analysis.

Despite the decline, whales and smart money are sitting 69% net long with a 2.23 long/short ratio, indicating a conviction position in the market.

The derivative book is sending a bullish signal, while the spot candle is bearish, creating a divergence setup that could be a buying opportunity for investors.