$OPEN plummeted -5.49% to $0.1632, approaching its all-time low as it trades below all key EMAs, signaling strong downward momentum.

Smart Money Pressure: Whales are heavily short, with 97% of short positions in profit, while long holders are at a loss, increasing risk of further sell-offs.

Negative Capital Flow: Recent data shows a net capital outflow of over $32,600, confirming that sellers are in control and buying interest remains weak.

Sentiment vs. Reality: Despite positive investment news, broader market fear and overwhelming bearish technical indicators continue to drive the price down towards critical support.

Bearish Trend Intensifies

Price Action: OPEN trades at $0.1632, down -5.49% daily, and is testing critical support near its all-time low of $0.1560.

Technical Signals: The price is below the 7, 25, and 99-period EMAs. The RSI at 38.26 approaches oversold, but the negative MACD confirms bearish control.

Capital Flow: A net outflow of approximately $32,600 was recorded in the last hour, with large-order selling indicating a lack of buyer conviction.

Whales Dominate Short Side

Profit/Loss Skew: 97% of short whales are in profit (avg. entry $0.2230), while 0% of long whales are profitable (avg. entry $0.1880).

Bearish Positioning: The long/short ratio has fallen to 0.0573, indicating overwhelming bearish conviction among large traders and a lack of dip-buying.

De-risking Behavior: Smart money is actively de-risking, with long whales reducing positions. This suggests capitulation rather than accumulation at current price levels.

Mixed Fundamental Signals

A strategic investment from Netmarble's MARBLEX provided a positive note.

However, this was overshadowed by broader market fear and bearish technicals, causing continued price decline. 🔗

Past Trading Promotions

Binance previously hosted trading campaigns for OPEN with significant token rewards.

While these events have concluded, traders can monitor Binance for future promotions. #USJobsData #USCryptoStakingTaxReview