TRUMP Volatility Intensifies Amid Whale Deposit and Crowded Long Positioning
A recent large-scale deposit into Binance by a team-linked whale has heightened concerns about potential distribution and volatility in the TRUMP cryptocurrency. Despite this significant transfer, spot flow data indicates that exchange participation remains contained.
According to CoinGlass, the netflow reading is -470.75K, indicating slight net outflows rather than aggressive inflows. This suggests that while there has been a large deposit, it may not necessarily confirm sustained selling pressure.
The TRUMP price continues to trade within a well-defined descending channel, currently pressing against the lower boundary near $3.184 support. The Relative Strength Index (RSI) remains below its 50 midpoint, indicating a bearish structure intact.