Source: Coinalyze<\/figcaption><\/figure>\n\n\n\nIndeed, after a long period of calm, the major Tezos holders have resumed massive accumulation of XTZ tokens. This renewed activity has translated into a significant increase in the average order size in the spot market, a sign that large investors are dominating transactions.<\/strong><\/p>\n\n\n\nBullish Momentum Fueled by Derivatives<\/h2>\n\n\n\n
Investor enthusiasm for Tezos futures contracts has also strengthened in line with price growth. Open interest<\/strong> in these derivative products has jumped by 343%<\/strong>, while trading volume has increased 28-fold<\/strong> during this period. This influx of capital demonstrates the growing appetite for betting on continued price appreciation.<\/p>\n\n\n\n
Source: Coinglass<\/strong><\/figcaption><\/figure>\n\n\n\nHowever, as prices skyrocketed, the temptation to take profits intensified. The net flow of XTZ tokens deposited on exchanges has reached an 8-month high<\/strong>, indicating that many investors are looking to monetize their positions.<\/p>\n\n\n\nOutlook for Tezos<\/h2>\n\n\n\n
Although Tezos has experienced a meteoric rise, supported by whale buying activity, some technical signals suggest that the bullish potential may be limited<\/strong> in the coming weeks.<\/p>\n\n\n\n
<\/figure>\n\n\n\nIndeed, the overbought<\/strong> RSI on the 3-day chart coupled with significant liquidity to the north, according to the Volume Profile, indicate that XTZ could consolidate<\/strong> or rise more slowly in the coming days.<\/p>\n\n\n\nThe massive liquidity zone between $1.15 and $1.41<\/strong> will be crucial to overcome.<\/p>\n\n\n\nThus, if whales maintain their accumulation momentum, Tezos could target $1.50-1.70<\/strong> in the coming weeks. Nevertheless, the increasing profit-taking also represents a real threat, potentially bringing prices back toward $0.93.<\/strong><\/p>\n\n\n\n\n