Analysis of $SWARMS Trading Activity on Blockchain Ahead of Binance Futures Listing | Flash news details

On January 7, 2025, @ai_9684xtpa reported that USD SWARMS trading activity on the blockchain had increased ahead of its expected listing on Binance Futures. The data indicates that $17.3 million worth of buy orders were executed against $17.8 million worth of sell orders, highlighting the close competition between bulls and bears. Trading activity was recorded at 10:00 AM UTC, with total trading volume reaching $35.1 million (@ai_9684xtpa).

The trading implications are significant as higher selling volume ($17.8 million) compared to buying volume ($17.3 million) indicates bearish sentiment among large traders. However, the disparity in the number of transactions, with 10,147 buy transactions versus 6,938 sell transactions, means that retail investors or small traders are actively buying, perhaps at lower prices. This dynamic could be indicative of a market in which whales are selling off while smaller investors take positions, creating a volatile environment for $SWARMS as it approaches a futures listing on Binance (@ai_9684xtpa).

Technical analysis of SWARMS dollar trading data shows a significant increase in trading volume, with a peak volume of $35.1 million recorded on January 7, 2025, at 10:00 AM UTC. On-chain metrics also reveal that the average transaction size for buying was around $1,705, while selling was around $2,566, indicating that larger transactions are more prevalent on the sell side. Additionally, the market depth for $SWARMS indicates strong buy-side liquidity with orders spread across multiple price levels, which may support price stability despite bearish sentiment from whales (@ai_9684xtpa).