Whales Sabotage Midnight Express: $0.10 or Crash! | Crypto Drama Unfolds

by

Whales Sabotage Midnight Express: $0.10 or Crash! | Crypto Drama Unfolds

The Midnight (NIGHT) saga continues-an epic tale of hope, despair, and whales with more exit plans than a holiday sale. The privacy project linked to Cardano has taken a nose-dive of about 6% over a week, only to cheer up a bit (nearly 7%) in the last 24 hours. A split week, perhaps? But don’t be fooled-this isn’t just a rollercoaster; it’s a circus of conflicting signals! 🐋🤡

Price hovers around a sad $0.093, teetering on the edge of greatness or disaster. The trend remains as fragile as a house of cards in a hurricane-until validation hits, we’re all just chasing our own tails.

Mega Whales, Fancy Dinners, and Wallet Exits: The Drama Unfolds

On the BNB Chain, the heavyweight whales-those folks with more NIGHT than sense-have cut their holdings by 11.85%. From a whopping 207.4 million NIGHT down to a soggy 179.5 million, they’ve drained about $2.7 million in just a week. Somewhere, a whale is sipping cocktails and laughing at retail enthusiasm.

Meanwhile, the exchanges have seen a tiny trickle of retail buying-6.63% less NIGHT on exchanges, down to 129.76 million. That’s roughly 9.2 million NIGHT, or about $920,000-precisely the kind of dip the retail crowd loves, while whales are doing their disappearing act. The size difference? Almost three times more money leaving whales’ wallets than retail actors are scooping up-but hey, who’s counting?

Whale wallets emptying

Craving more deep insights? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter before your wallet gets emptier.

Notice this retail bid? The chart doesn’t lie. On-Balance Volume (OBV)-the seismograph of buying passion-has broken out, making higher highs even as the price makes lower highs. Retail keeps pouring in, fighting against the giant whale selling machine. The retail army is rallying, but whether they can stem the tide remains to be seen.

Retail buying vs whales selling

Futures and Traps: Longs, Shorts, and the Price of Foolery

The derivatives markets echo the duality-on Bybit, NIGHT-USDT perpetuals show about $3.45 million in longs about to be liquidated, against $2.54 million in shorts. Nearly 57% of the forced closures are long positions-typical retail optimism, or sheer gambler’s madness?

Long liquidation map

Danger zone? At around $0.082, nearly $2.91 million in longs could be wiped out faster than your hopes during a market crash. That would wipe out over 84% of the current longs, turning a stumble into a full-blown catastrophe. A good day to stay away from the computer, folks.

Liquidation danger zone

What the Future Holds: Will It Be a Rescue or a Downward Spiral?

The current price of NIGHT, around $0.093, hangs in a limbo-caught between hope and despair. Break above $0.101, and it suggests a shot at climbing to $0.119-perhaps to find the promised land or just another trap set by those pesky whales looking to crush retail dreams.

If the price fails to reclaim $0.101, call it a retreat-whale pressure could push it back toward $0.082 or even $0.071, where dreams go to die faster than a meme in a bear market.

Price levels

In the game of crypto, one thing is certain: tonight, the Midnight Express teeters on the edge. Will the retail heroes rally, or will the whales finally get their way? One thing’s for sure-if NIGHT can’t cross $0.101, this train might just derail before it even hits the next station. Grab your popcorn, it’s going to be a wild ride! 🚂💥

Read More

2025-12-29 19:47