BONK dropped 10% amid profit-taking, falling to 0.00002208 USD. This decline reflects fatigue among traders leading to a potential market recovery.
The Open Interest for BONK fell approximately 20% to 27.8 million USD, suggesting liquidations occurred as market conditions turned bearish.
Spot traders acquired 4 million USD in BONK, moving it to cold storage, indicating strong long-term confidence that may lead to a supply squeeze and a market rally.
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