OKB recreates the upward trend before August: Will history repeat itself?

After an impressive week of bullish movement, OKB (OKB) seems to be entering a take profit phase. A similar trend occurred at the beginning of July, before the market witnessed a surge in August.

In-depth analysis of recent on-chain data from Bitcoin Magazine shows that the number of addresses holding tokens has sharply decreased in the past 24 hours. Meanwhile, the volume of transactions sent to exchanges has continuously increased — a clear signal that many investors may be preparing to take profit.

Source: CryptoQuant## Signs of take profit

When tokens leave personal wallets and flow into exchanges — reflected by the recent increase in active sending addresses — this is often a sign that traders are pouring liquidity into the market.

Along with the shrinking number of holding addresses, this picture suggests a short-term shift in sentiment. After several days of stable bullish movement of OKB, some investors seem to be reducing their positions instead of continuing to accumulate, waiting for clear signals regarding the next direction of the market.

Source: CryptoQuant## A familiar setup is repeating

This is not the first time OKB has sent out such noteworthy signals.

Previously, on July 7, the number of addresses holding tokens sharply decreased, leading to a period of sideways price movement for several weeks. However, in mid-August, OKB suddenly broke out, creating one of the most impressive rallies of the year.

Source: TradingViewIt is noteworthy that: sometimes weak signals that seem to be warnings are just a “reset” phase, preparing the foundation for the next leap.

Where will OKB go?

The coming days promise to determine the next move of OKB. If trading volume on the exchanges continues to increase, the bears may take control, pulling prices down further. Conversely, if buying demand at important support levels remains stable, OKB may enter an accumulation phase, preparing for a new breakout.

Source: CryptoQuantNotably, the increase in retail investor activity may pave the way for long-term holders to participate. Data from CryptoQuant shows that retail orders are surging strongly across both the Spot and Futures markets. This trend is not only significant in the short term, but also provides valuable directional signals for long-term investors.

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