{"id":41535,"date":"2025-02-25T11:20:15","date_gmt":"2025-02-25T08:20:15","guid":{"rendered":"https:\/\/btcacademy.online\/crypto\/?p=41535"},"modified":"2025-02-25T11:20:15","modified_gmt":"2025-02-25T08:20:15","slug":"what-is-the-future-of-polygon-as-its-risks-drop-to-0-24-and-99-of-holders-face-losses","status":"publish","type":"post","link":"https:\/\/btcacademy.online\/crypto\/what-is-the-future-of-polygon-as-its-risks-drop-to-0-24-and-99-of-holders-face-losses\/","title":{"rendered":"What is the future of Polygon as its risks drop to $0.24 and 99% of holders face losses?"},"content":{"rendered":"\n<ul class=\"ul1\">\n<p class=\"p2\"><span class=\"s2\">Polygons [POL] has been encountering a downturn in various market cycles. Over the last month, it has observed a 34% decrease in price, continuing the downward trend over the past week with a 4.53% drop within the last 24 hours.<\/p>\n<p class=\"p2\"><span class=\"s2\">Analysis by CryptoCrypto suggests that this downtrend could escalate as key market indicators have turned bearish, especially with the capital outflow from the asset.<\/p>\n<h2 class=\"p4\"><span class=\"s4\">Significant Capital Outflow Puts 99% of Investors at a Loss<\/h2>\n<p class=\"p2\"><span class=\"s2\">Within the last 24 hours, POL has seen a substantial negative chain netflow compared to other chains, indicating a withdrawal of liquidity from the network and signaling a bearish sentiment.<\/p>\n<p class=\"p2\"><span class=\"s2\">Approximately $13.2 million worth of POL has been offloaded and taken out of circulation, underlining a prevailing bearish outlook and a potential further decline.<\/p>\n<p class=\"p2\"><span class=\"s2\">CryptoCrypto has observed that this massive capital outflow has placed a significant portion of investors in a loss-making position. Presently, almost 99.73% of POL holders are experiencing losses, with only a mere 0.27% in profit.<\/p>\n<p class=\"p2\"><span class=\"s2\">The apprehension of further financial setbacks could trigger a considerable sell-off from this group, adding pressure on the asset&#8217;s valuation to plummet.<\/p>\n<h2 class=\"p4\"><span class=\"s4\">Approaching a Price Level of $0.24<\/h2>\n<p class=\"p2\"><span class=\"s2\">The selling pressure from market participants and the outflow of capital could drive the asset&#8217;s price downward, a trajectory clearly visible on the price chart.<\/p>\n<p class=\"p2\"><span class=\"s2\">Currently, POL is within a descending channel, depicting lower highs and lows in its price movement.<\/p>\n<p class=\"p2\"><span class=\"s2\">Should POL breach the support level at $0.278, there is a possibility for it to descend towards the support zone around $0.243, a previous low noted on the 3rd of February.<\/p>\n<p class=\"p2\"><span class=\"s2\">Under intense selling pressure, the asset might dip below $0.243, establishing a new low in subsequent trading sessions.<\/p>\n<h2 class=\"p4\"><span class=\"s4\">Convergence of Spot and Derivatives Trading Sentiments<\/h2>\n<p class=\"p2\"><span class=\"s2\">Both the spot and derivatives markets are synchronized towards a potential downturn in prices.<\/p>\n<p class=\"p2\"><span class=\"s2\">In the past 24 hours, the derivatives market has been unwinding positions, with Open Interest declining by 1.29% to $78.41 million, while trading volume surged by 73.18% to $68.09 million.<\/p>\n<p class=\"p2\"><span class=\"s2\">A drop in Open Interest combined with an increase in trading volume signifies robust selling pressure in the market, backed by strong momentum.<\/p>\n<p class=\"p2\"><span class=\"s2\">The exchange netflow corroborates this narrative, with $181,500 worth of POL being sold over the past three hours, indicating a shift from buying to selling among market participants.<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Polygons [POL] has been encountering a downturn in various market cycles. Over the last month, it has observed a 34% decrease in price, continuing the downward trend over the past week with a 4.53% drop within the last 24 hours. Analysis by CryptoCrypto suggests that this downtrend could escalate as key market indicators have turned<\/p>\n","protected":false},"author":1,"featured_media":41536,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-41535","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50","no-featured-image-padding"],"_links":{"self":[{"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/posts\/41535","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/comments?post=41535"}],"version-history":[{"count":2,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/posts\/41535\/revisions"}],"predecessor-version":[{"id":41538,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/posts\/41535\/revisions\/41538"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/media\/41536"}],"wp:attachment":[{"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/media?parent=41535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/categories?post=41535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/btcacademy.online\/crypto\/wp-json\/wp\/v2\/tags?post=41535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}