A lot of folks might be missing this signal — the market keeps grinding, Bitcoin's at 62793 down 1.88%, fear and greed index at 19, which is extreme fear, but OSMO is up 17% going against the trend 👀 $0.0516 with volume only at 1.7M, this rebound on low volume isn’t retail's doing.
OSMO is the thickest DEX in Cosmos, and there was a proposal in March to merge with Cosmos Hub. In May, this news blew up and saw a 185% spike in 24 hours, but now it’s retraced over 80% from the peak.
With fear at 19 and a volume increase of 17%, it doesn’t look like distribution. The ETF on 6/17 has run a total of 82 million, but FBTC saw a net inflow of 13.6 million — institutions aren’t all bearish, some are picking their targets 🧠
The Cosmos merger isn't dead, and the $0.05 range is much steadier than chasing RE. What do you think?
#Cosmos生态 #altcoin
OSMO is the thickest DEX in Cosmos, and there was a proposal in March to merge with Cosmos Hub. In May, this news blew up and saw a 185% spike in 24 hours, but now it’s retraced over 80% from the peak.
With fear at 19 and a volume increase of 17%, it doesn’t look like distribution. The ETF on 6/17 has run a total of 82 million, but FBTC saw a net inflow of 13.6 million — institutions aren’t all bearish, some are picking their targets 🧠
The Cosmos merger isn't dead, and the $0.05 range is much steadier than chasing RE. What do you think?
#Cosmos生态 #altcoin