Key Takeaways
Mantle dropped a spectacular 8.4
The cryptocurrency world has a way of being as fickle as a moody teenager, and Mantle [MNT] was no exception, taking an 8.45
It seemed as though the on-chain activity was whispering a unanimous “Goodbye!” Just when you thought the market couldn’t get glummer, the Daily Active Addresses plummeted. Artemis data pegged the active users at a measly 10,700, and daily transactionsFortunately, MNT daily transactions weren’t entirely extinct, clocking in at 199,300, although this represented a shaky average of 18.6 transactions per user. AMBCrypto isn’t holding out much hope for a comeback, given the dwindling number of returning users. In fact, returning users dropped to 9,900 in the last 24 hours. It seems if you’ve had your fill of MNT transactions, the temptation to come back is like trying to re-watch a bad movie-unlikely and painful. This collective digital exodus hints at slashed usage and flagging demand for MNT, sadly leading to its price nosedive. But where’s the fun in siding with the majority, right? Like the eternal optimists they are, derivative traders clung to the beacon of hope, boldly opposing the collective pessimism. In just one day, the longs seized control of the arena. As of the latest gossip, a hearty 68.9
The aggregated Funding Rate went from a natural frown line to a rare smile at 0.0078
Such sentiment typically arrives when markets turn into a playground for longs, teasing a trajectory towards the sunny skies. If these bullish leveraged traders keep the momentum, MNT might just find itself at the helm instead of the wheel. Liquidity clusters on the MNT heatmap laid out the possibilities like a choose-your-own-adventure story. According to CoinGlass, MNT could either take a melancholy bearish dip before rebounding like it’s shot from a cannon, or march confidently upwards, shedding liquidity clusters along the way. The first chapter of this novella involved conquering the liquidity clusters lurking below $1.14, which would soon wave white flags of ‘demand zones’ upon being depleted. In the other plotline, MNT could charge up past the liquidity snares above its price. Alas, all wasn’t rosy-ominous liquidity clusters remained a touch below, whispering ominous thoughts of potential setbacks. But who am I to spoil the suspense? 🤔 2025-08-26 07:07On-chain users depart amidst gloom
Derivatives are the rebellious cheerleaders
Heatmap: A tale of two strategies
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