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ONDO deposits to Coinbase rise over 8 million, spot buyers weaken amid strong futures bullishness

Market News
29 Jul 2026
AMBCrypto
View Source
Neutral
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A wallet transferred an additional 4.105 million ONDO tokens to Coinbase, pushing total deposits above 8.1 million ONDO in less than 24 hours. This surge in exchange inflows increased the liquid supply, putting selling pressure on the spot market as buyers showed less urgency near resistance levels. Despite this, futures traders on Binance remain bullish, maintaining a strong long position ratio. ONDO's price hovers below a key resistance zone, waiting for stronger buying interest to break higher or risk falling back to support levels.

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