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ONDO Token Deposits Soar as Futures Traders Stay Bullish

Guavy AI Editorial Team
Instruments
BNB ONDO
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Recent data from Pluang shows an uptick in deposits of ONDO tokens to Coinbase. A wallet transferred 4.105 million ONDO tokens, pushing total deposits above 8.1 million within a 24-hour period.

This surge in exchange inflows has increased the liquid supply, putting pressure on spot market buyers as they show less urgency near resistance levels.

Despite this trend, futures traders on Binance remain bullish, maintaining a strong long position ratio.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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