當本地令牌試圖重新測試其ATH時，噸硬幣鯨再次移動

在過去的兩周中，本地硬幣噸硬幣可以說是表現出色的山寨幣之一。

Toncoin (TON) has arguably been one of the top performing altcoins in the last 2 weeks. It’s also one of the more interesting ones in the last 4 weeks and its performance reveals a lot especially in regards to whale activity.

在過去的兩周中，噸幣（噸）可以說是表現出色的山寨幣之一。它也是過去四個星期中最有趣的過程之一，其性能揭示了很多，尤其是在鯨魚活動方面。

But before we get to the whales, Toncoin pulled off a 55% gain from its lowest price so far this month, to its $3.67 press time price tag. This also means it was back to the same price level where it previously experienced a lot of sideways movement and uncertainty in February.

但是，在我們到達鯨魚之前，湯幣從本月迄今為止的最低價格上提取了55％的收益，到了3.67美元的新聞時間價格。這也意味著它又回到了同一價格水平，在2月以前經歷了很多側向運動和不確定性。

The retest of this previously significant price level brings forth some interesting questions. Will the bulls maintain their uphill climb, find indecisiveness or give way to the bears?

重新測試以前重要的價格水平提出了一些有趣的問題。公牛會維持他們的上坡攀登，找到優柔寡斷或讓位給熊嗎？

TON Coin Whales on the Move Again

噸硬幣鯨再次移動

It is worth noting that price was not overbought at the time of observation. However, this may not offer much security against the downside for one main reason. Whales appear to be taking profit after the recent upside.

值得注意的是，在觀察時價格並未過多。但是，由於一個主要原因，這可能不會為缺點提供太多安全性。在最近的上升空間之後，鯨魚似乎正在獲利。

TON large holder flows were in the negative at the time of observation, by -7.55 million coins. In other words, whales sold over $27 million worth of Toncoins on 18 March.

在觀察時，大型持有人的流量為-755萬硬幣。換句話說，鯨魚在3月18日售出了價值超過2700萬美元的噸位。

Whale inducement was observed before every dip and rally within the last 4 weeks. In this case, the negative large holder flows could signal a surge in profit-taking after the latest upside.

在過去4週內的每次浸和集會之前，都觀察到鯨魚誘導。在這種情況下，負大持有人的流量可能表明在最新上漲之後的利潤率激增。

This could potentially curtail Toncoin’s upside and perhaps even trigger a wave of sell pressure that might be enough to cause a bearish pivot. At least that could be the case in the short term especially as the markets remain skittish due to political-economic influences.

這可能會減少噸幣的上升空間，甚至可能觸發一波賣出壓力，這可能足以引起看跌的樞軸。至少在短期內可能是這種情況，尤其是由於政治經濟的影響而導致市場仍然很棒。

Toncoin Funding Rates Pivot

噸幣資金率樞軸

Ton coin derivatives still maintained a positive stance at the time of observation. Open interest was up 2.4% while volume was up by 8.12%. Spot flows also remained in the green with about $7.57 million worth of inflows in the last 3 days.

在觀察時，噸硬幣衍生物仍然保持積極的立場。開放興趣上漲了2.4％，而數量增長了8.12％。現場流也保持在果嶺中，過去3天的流入價值約為757萬美元。

While spot and derivatives activity demonstrated that Toncoin was still experiencing healthy demand, funding rates told a different story. Funding rates shifted back to negative in the last 24 hours.

雖然現場和衍生品活動表明噸幣仍在經歷健康的需求，但資金率講述了一個不同的故事。在過去的24小時內，資金率轉移到負面。

The negative funding rates indicate a surge in short positions, which signals that investors are anticipating some downside.

負資金率表明短缺的激增，這表明投資者預計會有一些不利之處。

Despite the surging bearish expectations, the recent leverage shakedown may limit downside. Meanwhile, Toncoin’s long term outlook remains bullish on account of multiple factors.

儘管看跌期權有所激增，但最近的槓桿作用可能會限制下跌。同時，由於多種因素，Toncoin的長期前景仍然看漲。

TON was one of the fastest growing networks in the last 12 months. Its latest activities highlight its determination to maintain the status quo. For example, its Tonco.io DEX which launched in Q4 2024 may pave the way for more Toncoin organic demand.

噸是過去12個月增長最快的網絡之一。它的最新活動突出了其保持現狀的決心。例如，其在第4季度2024年推出的Tonco.io Dex可能為更多的噸幣有機需求鋪平了道路。

Toncoin is still trading a considerable discount (55%) from its historic peak in June. It managed to tap heavily to growth opportunities especially though play-to-earn games on Telegram.

與6月的歷史高峰相比，Toncoin仍在交易折扣（55％）。它設法大量利用了增長機會，尤其是在電報上的遊戲到歐文遊戲時。

Now that controversy around its founder has subsided, it will be interesting to see where and how Ton coin price will secure its next catalyst.

現在，圍繞其創始人的爭議消退了，看看噸硬幣價格將在哪里以及如何確保其下一個催化劑的位置以及如何確保其下一個催化劑會很有趣。