ORDI 24-hour amplitude reaches 42.6%: Liquidations exceed $36.6 million and surge in trading volume triggers intense volatility

Volatility Brief

In the past 24 hours, ORDI’s price hit a low of $3.852 and a high of $5.493, currently trading at $4.325, with a significant amplitude of 42.6%. Trading volume surged significantly to approximately $230 million, far exceeding the market cap (about $91 million), resulting in a volume-to-market cap ratio of over 250%.

Analysis of the Main Cause of the Movement

- The total liquidations across the network exceeded $36.6 million, mainly from short positions ($24.27 million), while long liquidations accounted for $12.33 million, reflecting a rapid pullback after a brief price rebound.

- Trading volume skyrocketed by more than 35%; both futures open interest and spot market activity increased simultaneously, pushing the intraday high. However, there were no significant whale transfers or abnormal on-chain activity observed.

Market Views and Outlook

The mainstream sentiment in the community is divided: some traders see the current pullback as an accumulation phase, with buying volume dominating and expecting a rapid reversal after the FVG is filled; others warn that the downward channel remains intact, and after the RSI enters the overbought zone, prices may further retrace to the $3.90-$4.20 support area. Analysts highlight that heightened risk preference is intensifying volatility, and short-term attention should focus on support levels.