Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
The Cardano-linked privacy project Midnight (NIGHT) recorded a drop of almost 6% in seven days, and an increase of almost 7% in the last 24 hours. These weekly splits reflect a deeper struggle on the chart and in the chain. Individual traders are showing optimism as major whales are offloading supply at a rate that could hamper the move unless the midnight price recovers the strong $0.101 level.
The price action is close to the level of $0.093. The trend remains fragile until there is a clear confirmation.
Sponsored
Sponsored
The big whales are selling while smaller investors are buying the dip
Data on the BNP Chain network indicates that the first 100 NIGHT coin holders (Big Whales) have reduced their balances by 11.85%. Its possessions fell to 207.4 million NIGHT, a decrease of 27.9 million NIGHT. At today’s price, this amounts to about $2.7 million leaving wallets. This position turns the general mood against the continuation of the trend.
Stock market balances tell the opposite story. NIGHT fell on platforms by 6.63% in seven days, now reaching 129.76 million NIGHT. This decrease equates to approximately 9.2 million NIGHT, or approximately $920,000, of retail-led collections. Individuals buy the dips, but the volume differential favors the larger whales by almost three times.
Get similar analysis on tokens! Subscribe to the daily cryptocurrency newsletter from Editor-in-Chief Harsh Notaria of here.
These purchase offers from people are shown on the chart. The On-Balance Volume (OBV) indicator, which measures buying pressure via a volume trend, made a higher high and broke its trend line. This divergence formed at a time when the price of Midnight recorded lower highs between December 21 and December 29. This demonstrates the aggregation of individuals and their comparison with the sale of whales.
Sponsored
Sponsored
Currently, the momentum of individuals is observed, but it is still exceeded by large flows of whales.
Derivatives show a buying bias, but there is a trap zone
Derivatives reverse the same division.
In Bybit, the NIGHT-USDT perpetual contracts show about 3.45 million dollars of leveraged settlement on long trades versus 2.54 million dollars on short trades. The purchase represents approximately 57% of the liquidation exposure. This matches the sentiment of individual traders, but creates vulnerability if the price declines NIGHT.
Sponsored
Sponsored
The settlement chart highlights a danger zone at $0.082. If NIGHT falls near that zone (also visible on the chart), about $2.91 million of long positions will face forced liquidation. This exceeds 84% ​​of the current liquidation pool in purchases. Such a collapse will increase selling pressure and is likely to accelerate the decline.
As long as the big whales continue to sell while derivatives are in a buying trend, the downside risk will remain higher than most retail traders.
Sponsored
Sponsored
Price levels at midnight determine what happens next
You trade Midnight (NIGHT) Close to $0.093. Reclaiming $0.101 tests the Fibonacci level 0.618, an important psychological line. The daily close above $0.109 confirms the momentum. This opens the door for an attempt to reach $0.119, as the price enters a new breakout zone for this range. Above this level, there are reasons for the trend to continue, and the big whales have to reduce the selling pressure so that the rally continues.
If the price fails to recover $0.101, the pressure from the big whales could direct the trend. The loss of $0.082 triggers the activation of the liquidation pools and opens the way towards $0.071. This becomes a cancellation zone for the near-term recovery scenario.
Currently, you have noticed that the price of Midnight is between the optimism of small investors and the large whale distributions. One side will soon dictate the direction of the market. If NIGHT cannot support $0.101 ($0.10 depending on the title), the Midnight NIGHT train may be derailed before the market sees a bigger upward move.
