Trump’s Dinner Party Triggers Huge Waves in the Crypto Market!

Updated

April 29, 2025

Gambar Trump’s Dinner Party Triggers Huge Waves in the Crypto Market!

Jakarta, Pintu News – The crypto market is back in action with major players known as “whales” accumulating another $6.4 million worth of TRUMP crypto assets. This activity took place ahead of an exclusive dinner attended by Donald Trump, sparking speculation and significant price movements.

Whales Back in Action

Two new whales have entered the market and bought a significant amount of TRUMP. The first whale, who previously sold their holdings, regained interest after the dinner announcement and bought 337,950 TRUMP worth $5.2 million. The second Whale switched trades, selling their Fartcoin (FART) holdings and switching to TRUMP with a purchase worth $1.22 million. This buying activity follows two days of consistent selling from the spot market which has now stopped.

Market Indicators Show Mixed Signals

Derivatives market data shows a fragile balance between bullish and bearish forces. Liquidation data in the last 24 hours shows an almost equal balance between the liquidation of long and short positions. A total of $4.42 million of long positions were forcibly closed, while $4.37 million of short positions were also closed.

This almost equal level of liquidation suggests a balance of trade, with no definite direction of price movement. However, market sentiment is still skewed towards long traders, as shown by the increase in the OI-Weighted Funding Rate which reached 0.0116%, indicating a bullish phase that may continue.

Bearish Sentiment Remains

Despite the bullish signals, the Funding Rate continues to show negative values. Currently, the funding rate has dropped to -0.0019, signaling that short traders are paying more premium to maintain their positions. This configuration gives short traders an advantage, with more active positions than long traders.

In addition, the Derivatives Trading Volume remains negative, currently below 1, which reinforces the bearish sentiment. The Long-to-Short ratio, which shows the dominance of buy or sell volume, indicates that sellers are in control of the market. If this ratio continues to be below 1, TRUMP prices are likely to experience further declines.

Conclusion: Post-Trump Dinner Market Dynamics

The crypto market dynamics triggered by Donald Trump’s exclusive dinner shows how much a single figure’s announcements and activities can significantly affect the market.

Despite the uncertainty, the activity of the whales and market indicators provide an interesting snapshot of how sentiment and trading strategies can change quickly. Investors and traders should remain alert to changes that may occur in response to global events and statements from important figures.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.