How Tezos whales helped XTZ surge 112% in the last month
2025-07-21 03:07:32
Main Idea
Tezos (XTZ) surged 112% in the last month, driven by whale accumulation and increased futures market activity, but faces potential profit-taking risks that could disrupt the uptrend.
Key Points
1. Tezos (XTZ) price surged 47.53% to a 6-month high of $1.22, with trading volume increasing by 1061% to $1.17 billion.
2. Whale activity significantly contributed to the rally, with buy volumes exceeding sell volumes on key dates (e.g., 72.2M vs. 71.72M on July 19).
3. Futures market data showed a 343% rise in Open Interest ($138M) and a 2832% spike in Derivatives Volume ($3.05B), indicating strong bullish sentiment.
4. Spot Netflow surged to an 8-month high of $4.5M, signaling increased exchange deposits and potential profit-taking risks.
5. Technical indicators like RSI (93) and CMF (0.27) suggest overbought conditions, raising concerns about a possible correction to $0.93 if profit-taking intensifies.
Description
Tezos surges 47% to a 6-month high of $1.22 amid newfound demand for the altcoin.
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