Lido whales dump $10 mln tokens — But that’s not LDO’s only problem

• Whale -linked deposits and weak user activity indicate permanent bear pressure on Lido Dao.
• Technical rejection to $ 1.20 and declining derivatives support a short -term risk of decline.

Wallet associated with Defiance Capital stored 9.3 million LDOs worth about $ 10.1 million on the main stock exchanges.

These include binance, OKX, Bybits and Gate.io over the last 48 hours. Such a large tide often signals planned sales, especially during prices.

At the time of writing, Dévo dao [LDO] saw A sharp drop of 10.37% in the last 24 hours, fell to $ 1.01. This decline, in conjunction with the exchange movement, has been concerned in the short term concerns for further pressure on further pressure.

Problems with LDO price stability

Lido Dao showed the weakening involvement in its network. Daily active addresses are hovering to 139, while the number of transactions slipped to 72.

This trend suggests that fewer users interact with the protocol. As a result, the falling metrics of users usually lead to reduced organic demand.

In addition, network inaction often correlates with stagnation prices or correction. When large holders move to replacement for exchanges during weak participation, the result tends to be negative.

In addition, DAA price divergence amounted to -6.55%, which strengthened the bear outlook.

The value meant that the recent price action lacked the power -based power. In most cases, it increases the prices that users’ growth prevents.

Therefore, this gap points to an unstable rally. When the price rises without the support of users, the risk of correction increases sharply. If the participation does not increase, the price is likely to retreat.

Market metrics reflect caution as buyers hesitate

LDO MVRV from -SSKON moved around -0.133, indicating a slight underestimation. This score means that the holders are close to Breakeven. However, the signal lacks a strong storage pressure.

In previous cycles, the deeper minimum of the mill has often caused significant rebounds. That’s not here. Buyers seem to hesitate. The level is neutral and does not contribute to conversion.

LDO therefore remains vulnerable.

To recover, the market needs stronger underestimation signals. From now on, the motivation to buy remains weak.

Derivative metrics reflect increasing caution.

In fact, trading volume fell by $ 24.22%and dropped to $ 172.36 million. Moreover, open interest fell by 9.79% to $ 129.93 million. These steep reductions show that traders are closing positions and avoid new ones.

This behavior limits volatility and dampens the momentum up. Without the support of the lever effect, the price action becomes slow. In addition, falling derivative activities often follow bear price movements.

Will LDO survive pressure on sale or break?

LDO failed to interrupt resistance to $ 1.20. The price now trades just above the key support for $ 0.90. If this support breaks, other goals are nearly $ 0.74 and $ 0.57.

RSI costs 41.80, indicating the weakening force. Momentum remains soft and shows no clear bull conversion.

Therefore, the price can continue to immerse in the coming days. If they do not hold $ 0.90 firmly, sellers could take over check.

Over the next 5-7 days, LDO can test $ 0.74 if the bear pressure increases.

Finally, Lido Dao faces intense short -term risks of disadvantages, powered by large exchange deposits and fading of activity on the chain.

A decrease in the daily connection of users in combination with bear divergence and neutral levels of the MVRV reflects weakening the beliefs among investors.

In addition, derivative markets show a declining volume and open interest and strengthen the tone of risk.

If LDO regenerates momentum above $ 1.02 and does not defend the level of support of $ 0.90, further rectation to $ 0.74 is likely to remain in the next week.