ONDO drop 10% Derivative flow drop sharply as TVL reaches record high

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$ONDO dropped 10% in 24 hours due to $11 million in outflows from the derivatives market. However, onchain and exchange data suggest this is only a temporary liquidity slump, not a fundamental collapse.

🔹 While the price fell, TVL reached a new record high of $1.926 billion, and the number of holder surged to a record 174,360. Investor are locking in assets to take profits instead of withdrawing.

🔸 Smart money is getting involved. Binance shows increased net inflow, and the funding rate has risen to 0.0044%, signaling renewed demand for long position despite the price drop.

🔹 The protocol generated $2.24 million in fees in December alone, confirming that actual usage is increasing despite price volatility.

With the derivatives market weeding out weaker investor while TVL reaches record highs, is this the ideal accumulation zone before a market recovery?

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