Trump’s Wallet Clock Ticks: $22M Moves Shake the Market

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On the third of February, as if summoned by some Moscow clock and a committee of number-crunching ghosts, Onchain Lens released a report. A key wallet, tied to Official Trump, performed a grand action: 5.26 million TRUMP tokens, worth $22.44 million, slid into a BitGo custody wallet, as if escorted by polite goblins from the ledger of fate.

While this token transfer does not reveal the team’s true intention, whispers swirl that a sell-off is being rehearsed like a farce in a market theatre, with the audience politely pretending to understand the script.

This transfer wore bearish shoes, given the current mood of the market and Trump’s recent theatrics. Data from CoinMarketCap showed the token had already lost 21% of its value over the past month-a charming descent worthy of a tragedy on the crypto stage.

TRUMP’s price had jumped 3.25% over the past 24 hours and was trading at $4.26 at press time. But despite this brisk uptick, the room remained mostly empty, as trading volume sank 35% to $196.75 million-proof that enthusiasm can be a shy creature.

This indicates that traders and investors are not exactly rushing to sign autographs for this trend.

Derivatives data signals bearish bias

From a derivatives standpoint, the mood was dour-traders and investors either shedding positions or betting on the downside, as if a spectral auditor were walking the floor with a red pen.

According to CoinGlass, intraday traders were positioned around the $4.17 level on the downside and $4.35 on the upside, like figures sketched in a prophetic chalk line.

At these levels, traders have built approximately $795.84K worth of long-leveraged positions and $1.87 million worth of short-leveraged positions-an alarming see-saw that would impress any stoic clockmaker.

Based on this data, if TRUMP falls below the $4.17 level, nearly $795.8K worth of long-leveraged positions could be liquidated, as if melted by a bureaucratic wand.

At the same time, TRUMP’s Spot Inflow/Outflow data revealed that over $473.90K worth of the asset had been moved to exchanges over the past 24 hours.

In the crypto landscape, such inflows-where assets slip from wallets to exchanges-often signal a curious preparation for a sell-off, as if the coins are filing papers to leave the country.

TRUMP: Price action and key levels

Looking at TRUMP’s daily and weekly charts, the asset appeared to be trudging in a strong downtrend-the kind of downturn that makes even a calendar sigh.

However, on the daily chart, TRUMP faced stiff resistance at the $4.30 level, which it had tested over the past three trading days, as if tapping on a locked door and waiting for a polite invitation.

Based on the current price action, if TRUMP successfully breaks out above this resistance, it could see a price jump of around 10% and potentially reach the $4.70 level, like a hopeful passenger finally catching a passing train.

However, this reversal would only be possible if TRUMP clears the $4.30 resistance; otherwise, it may continue its bearish momentum, politely declining to take the stage.

At press time, the Average Directional Index (ADX)-an oracle that measures trend strength-stood at 35.97, well above the key threshold of 25, indicating that the asset had a strong directional momentum, as if a marching band were determined to move the plot forward.

Meanwhile, the Money Flow Index (MFI) was at 30.27, suggesting that the asset was approaching oversold territory and could be due for a potential relief bounce if buying pressure decides to show up with a dramatic entrance.

Final Thoughts

  • A wallet linked to TRUMP moved 5.26 million tokens, worth $22.44 million, to BitGo, hinting at a potential sell-off-like a magician’s trick that leaves the audience astonishingly poorer.
  • From a price-action perspective, TRUMP remains in a downtrend; however, if it clears the $4.30 level on the daily chart, the token could see a 10% jump, perhaps enough to make a skeptic grin.

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2026-02-03 19:51