Polygon (POL) 鲸鱼积累了 5900 万枚代币，但 POL 是否被低估？

Polygon [POL] 鲸鱼利用近期价格回调带来的折扣窗口，在过去 48 小时内获得了 5900 万个 POL 代币。

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

随着山寨币在过去一周上涨 20%，鲸鱼们将 5900 万个 POL 添加到了他们的袋子里。

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

然而，尽管取得了收益，但大多数 POL 持有者仍处于水下。这能否支持鲸鱼看涨的价格预期？

Whales bought 59M POL tokens in 24 hours

鲸鱼在 24 小时内购买了 5900 万个 POL 代币

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

鲸鱼利用近期价格回调带来的折扣窗口，在过去 48 小时内抢购了 5900 万个 POL 代币。

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?

此举正值所有行业的山寨币季节势头增强之际。但目前的估值和盈利能力是否支持这些鲸鱼所预期的巨大上涨潜力？

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.

根据IntoTheBlock数据，尽管短期持有者的未实现利润达到两位数，但他们的利润仅占POL持有者总数的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).

换句话说，超过 85% 的用户（+500K 地址）仍然处于水下状态。与此同时，目前处于收支平衡的用户不到 4%（2.3 万用户）。

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.

这意味着尽管股市持续上涨，但大多数持有者仍处于亏损状态。巨大的损失意味着用户至少可以持有并收回初始资金，而不是亏本出售。

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

如果是这样，这可能对 POL 的上行反弹产生净积极影响，并进一步支持最近的鲸鱼走势。

Price action analysis

价格行为分析

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

在价格图表上，POL 有很大的空间继续其上升趋势，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 此前预计，价格突破 0.6 美元可能会加速价格复苏。

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.

决定性地飙升至 0.8 美元上方，恰逢 2024 年初的三个月价格区间和 50-61.8% 斐波那契水平，可能是上升趋势持续的强烈信号。

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

如果 POL 的目标是 3 月份高点 1.2 美元，则可以挖掘近 160% 的潜在涨幅。