MOVE’s Misery: Only 1% Smiling, Rest Crying in Their Crypto Soup!

by

Well, bless my stars and garters, if it ain’t the MOVE token, still stumbling around like a man who’s lost his spectacles in a dark alley. In the past 24 hours, it managed to squeak up 0.68%, but don’t let that fool you-its Open Interest has ballooned by nearly 12%. Coinalyze, that trusty ol’ soothsayer, reckons the Funding Rates have been as stubborn as a mule with a toothache, staying negative all week.

Now, on Sunday, the 15th of February, MOVE had itself a little hootenanny, rallying 22.45% in an hour. But, like a firecracker that fizzles, it’s pretty much retraced that bounce since. That little uptick in price? It’s what got the Open Interest all riled up, but those negative funding rates? They’re singing a sad song of a short-heavy market.

The long-term trend of MOVE has been about as cheerful as a funeral procession. Since January 2025, it’s been on a one-way trip to the basement. And while Bitcoin was out there making new highs and then tumbling like a drunk off a barstool, MOVE just kept its nose to the grindstone of bearishness.

AMBCrypto, those eagle-eyed folks, reckon the on-chain metrics are waving red flags like a bullfighter at a rodeo. Another wave of selling pressure might be just around the bend.

What’s the MOVE Holders Up To?

Now, if your token’s down 98.25% from its glory days and only 1.127% of the addresses are in the black, every little bounce is just a chance to jump ship with slightly less water in your boots. The spot taker CVD? It’s been a seller’s paradise these past three months.

The Coin Days Destroyed metric? It’s started twitching like a nervous rabbit during this recent price hiccup. Traders, keep your eyes peeled for a sharp spike, like the ones on February 3rd or December 15th. Remember, CDD’s all about the volume and age of those coins being shuffled around, so a big spike means sellers are more convinced than a preacher on Sunday.

The exchange net position change? It’s turned positive after nearly two weeks, which means MOVE’s flowing into exchanges like water to a low spot. Another sign that selling pressure’s brewing like a storm cloud on the horizon.

Put the CDD and net position change together, and they’re hollering that this price bounce is likely just a pit stop on the way down.

The 1-day price chart? It’s a masterpiece of misery. Those swift rallies and intraday pullbacks? They’re upside wicks on the daily candles, looking like a porcupine’s back.

So, when you mash all these metrics and the long-term trend together, it looks like traders might just use another MOVE bounce above $0.032 to short the dickens out of it.

The Moral of the Story

  • That Open Interest spike? It’s just folks hoping to catch a falling knife and walk away with their fingers intact.
  • The CDD and exchange net position change? They’re whispering (or maybe shouting) that selling the bounce might be smarter than trying to ride a rally that’s deader than yesterday’s news.

Read More

2026-02-16 16:47