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A swing trader holding roughly $500k in position has been consistently selling on every recovery over recent hours—but that selling pressure just got fully absorbed. The trader is now completely out, marking a potential shift in local supply dynamics.
Meanwhile, MoonPay is dropping hints about an incoming feature announcement, with soft signals suggesting something could roll out today. Combined with their monthly report release, these could serve as near-term catalysts.
Looking at the technical setup, the chart is printing a constructive structure: higher lows are forming, and we're seeing a slow grind higher. That's the kind of patient accumulation pattern traders often watch for before cleaner moves.