Polygon (POL) 鯨魚累積了 5,900 萬枚代幣，但 POL 是否被低估？

Polygon [POL] 鯨魚利用近期價格回檔帶來的折扣窗口，在過去 48 小時內獲得了 5,900 萬個 POL 代幣。

Whales added 59 million POL to their bags as the altcoin clocked a 20% rally in the past week.

隨著山寨幣在過去一周上漲 20%，鯨魚們將 5900 萬個 POL 添加到了他們的袋子裡。

However, despite the gains, the majority of POL holders remained underwater. Could this support the whales’ bullish price expectations?

然而，儘管取得了收益，但大多數 POL 持有者仍處於水下。這能否支持鯨魚看漲的價格預期？

Whales bought 59M POL tokens in 24 hours

鯨魚在 24 小時內購買了 5,900 萬個 POL 代幣

Whales took advantage of the discounted window offered by the recent price pullback and scooped 59M POL tokens in the past 48 hours.

鯨魚利用近期價格回檔帶來的折扣窗口，在過去 48 小時內搶購了 5,900 萬個 POL 代幣。

The move comes amid increased altcoin season momentum across all sectors. But do the current valuation and profitability support a massive upside potential as expected by these whales?

此舉正值所有產業的山寨幣季節勢頭增強之際。但目前的估值和獲利能力是否支持這些鯨魚所預期的巨大上漲潛力？

Is POL undervalued?

POL是否被低估？

According to IntoTheBlock data, despite the double-digit unrealized profit seen by short-term holders, they only accounted for 10% of total POL holders in profit.

根據IntoTheBlock數據，儘管短期持有者的未實現利潤達到兩位數，但他們的利潤僅佔POL持有者總數的10%。

In other words, over 85% of users (+500K addresses) were still underwater. At the same time, those currently at break-even were less than 4% (23K users).

換句話說，超過 85% 的用戶（+500K 地址）仍然處於水下狀態。同時，目前處於收支平衡的用戶不到 4%（2.3 萬用戶）。

This means most holders were still at a loss despite the ongoing rally. The vast losses meant that users could hold to at least break even and recover their initial capital, rather than sell at a loss.

這意味著儘管股市持續上漲，但大多數持有者仍處於虧損狀態。巨大的損失意味著用戶至少可以持有並收回初始資金，而不是虧本出售。

If so, that could be a net positive for POL’s upside rally and, by extension, support the recent whale moves.

如果是這樣，這可能會對 POL 的上行反彈產生淨正面影響，並進一步支持最近的鯨魚走勢。

Price action analysis

價格行為分析

On the price chart, POL had a lot of headroom for its uptrend to continue, as shown by the low On Balance Volume (OBV).

在價格圖表上，POL 有很大的空間繼續其上升趨勢，如低平衡交易量 (OBV) 所示。

AMBCrypto had previously projected that a move above $0.6 could accelerate the price recovery.

AMBCrypto 先前預計，價格突破 0.6 美元可能會加速價格復甦。

A decisive surge above $0.8, which coincided with a three-month price range in early 2024 and 50-61.8% Fib levels, could be a strong signal for the uptrend continuation.

決定性地飆升至 0.8 美元上方，恰逢 2024 年初的三個月價格區間和 50-61.8% 斐波那契水平，可能是上升趨勢持續的強烈信號。

If POL targets March highs of $1.2, nearly 160% of potential gains could be tapped.

如果 POL 的目標是 3 月高點 1.2 美元，則可以挖掘近 160% 的潛在漲幅。