Tezos Whales: A Tale of 112% Surge and Profit-Taking Peril 📈💸

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Key Takeaways

XTZ, that most enigmatic of cryptocurrencies, surged 56.9% to a 6-month high of $1.22, only to retreat to $1.169 like a trembling soul in the face of its own ambition. 🧠💸 Whales, those monstrous entities of the market, have seized control, yet profit-taking looms like a specter, threatening to unravel this fragile dream.

Tezos [XTZ] has danced within an ascending channel since its breakout from a prolonged consolidation, a veritable ballet of bullish chaos. 🐉✨ In the past week, it has leapt 80%, extending this bullish outlook by 112% in 30 days—a crescendo of greed and delusion. 🎭

On daily charts, XTZ rallied 47.53% to a 6-month high of $1.22, only to waver like a man caught between heaven and hell. 🌌📉 Over the same period, trading volume surged 1061% to $1.17 billion, a testament to the market’s feverish fervor. 💸

Meanwhile, Tezos’ market cap reached $1.22 billion, a fleeting mirage of prosperity that has not been seen since January. 🕰️ Is this the dawn of a sustained recovery, or merely a prelude to despair? 🤔

But is this the start of a sustained recovery and uptrend?

Whales Inspire XTZ’s Rally

As markets recovered, Tezos whales emerged from their long period of inactivity, like titans awakening from a slumber. According to CryptoQuant, the Tezos Spot Average Order Size turned green, a harbinger of doom for the weak. 🐉💚

When this metric turns green, it implies that Spot markets are dominated by Big Whale Orders—a dark omen for the unworthy. 🕵️‍♂️

Typically, whales return to the market to close losing positions or accumulate, like vultures circling a carcass. 🦅💸

Interestingly, when we examine Tezos Spot Buy Sell Volume, we find these whales are mostly accumulating, a cruel game of chess where the pawns are the retail investors. 🏰♟️

As a result, XTZ saw two consecutive days of higher buying pressure, with 72.2 million in Buy Volume vs. 71.72 million in Sell Volume. A battle of titans, where the victor is always the one with the most coins. 🏆

The same happened on the 20th of July, with Buy Volume rising to 37.87 million vs. 34.54 million in Sell Volume. A spectacle of greed, where every trade is a prayer to the altar of profit. 🙏

As a result, the altcoin saw a Buy Sell Delta of 483k and 3.33 million—a clear sign of spot aggressive accumulation. The market, a madhouse, driven by the whims of the few. 🌀

Futures Are Even More Bullish

As the market rallied, investors rushed in like moths to a flame, particularly long positions. 🔥

According to CoinGlass, Open Interest soared by 343% to $138 million, while Derivatives Volume spiked 2832% to $3.05 billion. A frenzy of speculation, where logic is the first casualty. 🤯

Such a spike in both OI and Volume signals increased capital inflow and participation in the Futures market—a circus of madness. 🎪

As a result, Tezos’ long-short ratio jumped to 1.1, signaling a higher demand for long positions. Investors, blind to the abyss, bet on prices continuing to rise. 🧠

Profit Takers’ Threat Soars Too

Unsurprisingly, as prices soared, so did the appetite to take profit. According to CoinGlass, Tezos Spot Netflow surged to an 8-month high of $4.5 million, reflecting increased exchange deposits. 🏦💸

Typically, when Netflow rises, it implies that investors are sending more assets to exchanges than they’re withdrawing—a desperate attempt to escape the storm. 🌩️

Historically, increased exchange deposits have preceded price decline, as downward pressure rises like a tide. 🌊

Can XTZ Sustain the Uptrend?

According to AMBCrypto’s analysis, Tezos experienced a substantial upsurge amid increased whale accumulation. A tale of hubris and hope, where the line between genius and madness blurs. 🧠

For that reason, the altcoin’s RSI surged from 43 to 93, touching the overbought zone—a warning sign for the unprepared. 🚨

Likewise, Chaikin Money Flow (CMF) jumped from 0.08 to 0.27, confirming higher buying pressure. A dance of greed, where every dip is a chance to buy low and sell higher. 🕺

Simply put, XTZ experienced favorable conditions, inspired by whales, thus positioning the altcoin for more gains. A fleeting paradise, where the rich get richer and the poor… well, they’re still poor. 💸

That said, if whales maintain the current momentum, XTZ will likely continue its uptrend and target $1.50—a utopia for the chosen few. 🌟

However, if profit-taking witnessed recently overwhelms the market, Tezos could see a correction and drop to $0.93—a descent into the depths of despair. 🌑

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2025-07-21 06:22