OKB faces adjustment? - It could drop to $92.7 if this scenario occurs.

Recently, OKB has increased by 38%, bouncing back from the low of $88 and rising to a local peak of $131.5 before adjusting to $113.5 at the current time.

During this period, the trading volume increased by 284% to 523 million USD, while its market capitalization also bounced back, reclaiming the 2 billion USD mark and is currently at 2.3 billion USD.

These numbers indicate that capital is flowing strongly into the market and on-chain activities are becoming increasingly vibrant. So what is driving this trend?

The demand for futures contracts skyrockets

Data from CoinGlass shows that most of the new capital flows into the derivatives market. The open interest (OI – Open Interest) of OKB surged by 120.7%, reaching a 10-month high of 4.79 million USD.

At the same time, the trading volume of derivatives also increased by 318% to 27 million USD, reflecting the growing level of participation and capital inflow into the futures market.

Source: CoinGlassMeanwhile, the Long/Short ratio of this altcoin surged to 1.075, reflecting a high demand for buying. This usually indicates that most participants are betting on the price increasing.

Profit-taking pressure begins to appear

Notably, as the price bounces back after the recent correction, many investors have begun to take the opportunity to “lock in profits.”

Source: CoinGlassAccording to CoinGlass, the Spot Netflow( of this altcoin has surged into positive territory with 13.47 million USD, higher than the 8.1 million USD of the previous day.

Typically, an increase in Netflow means that more money is flowing into the exchange than is being withdrawn, indicating that the supply in the market is increasing.

The current amount of OKB outside the exchange has decreased to the lowest level in 3 months, )245 million tokens(, signaling that selling pressure may increase and pose a risk of price adjustment.

![])https://img-cdn.gateio.im/webp-social/moments-18c9ed57a9d9e963cd107d5515b22f94.webp(Source: Santiment## Momentum indicators still lean towards the bulls

Data from TradingView shows that momentum indicators remain in a positive signal.

The RSI index of this altcoin has risen to 84 – entering the overbought zone, while the DMI )Directional Movement Index( has also surged to 69, indicating strong momentum.

![])https://img-cdn.gateio.im/webp-social/moments-47f8d9ff67607a3b34ab8685e7072062.webp(Source: TradingViewTypically, when the indicators are in a similar state, it signals strong upward momentum primarily driven by buyers. However, these indicators also implicitly warn of high volatility risks.

Therefore, if the buying pressure continues to dominate, OKB may maintain an upward trend towards the resistance area of $148 and even establish a new peak.

On the contrary, if the profit-taking pressure overwhelms, a deep correction could pull the price back to the $92.7 range.

Vincent