Large holders continued accumulating Jupiter (JUP) aggressively after wallet Emb5o purchased another 2.5M tokens worth nearly $620.5K. Over the previous three days, the same whale accumulated more than 10.32M JUP, valued around $2.56M. According to reports from AMBCrypto, this sustained buying activity reflected growing confidence despite volatility increasing sharply across the broader crypto market. Exchange withdrawal activity also intensified during the accumulation phase, suggesting whales preferred moving holdings away from centralized platforms rather than preparing immediate selling pressure. Such behavior usually reflects long-term positioning instead of short-term speculative trading, with JUP experiencing tightening exchange-side supply conditions while buyers maintained strong spot demand above reclaimed breakout levels.
Jupiter rejected the $0.2655 resistance after an explosive breakout rally expanded price far above the previous consolidation range. Despite the rejection, buyers still defended the reclaimed $0.2065 support region during the ongoing pullback phase. The chart showed strong bullish continuation structure because price accelerated aggressively once buyers cleared the $0.1775 and $0.2065 resistance zones earlier this month. However, recent candles reflected slowing upside pressure after sellers responded aggressively near higher resistance. The rejection wick near $0.2655 also showed stronger supply entering the market during the final rally stage, yet JUP continued holding above key breakout support despite increased volatility conditions. If bulls maintain control above the reclaimed range, the broader structure would likely remain bullish.
Long liquidations exceeded $41.71K while short liquidations remained below just $59 across major exchanges. According to AMBCrypto, this imbalance reflected aggressive bullish positioning getting flushed after traders heavily chased upside continuation during the breakout rally. Binance, Bybit, OKX, and Gate recorded the largest long liquidation activity during the correction phase, with Hyperliquid and CoinEx also contributing smaller liquidation totals as derivatives volatility intensified. Such liquidation events often remove weaker leveraged positions before markets establish another directional move, with the aggressive flush helping cool overheated market conditions that developed during the rally phase.
DMI readings continued supporting buyers after +DI held around 36.21 while -DI stayed significantly lower near 9.45. ADX also climbed toward 39.67, showing the prevailing trend still retained considerable strength despite recent volatility expanding sharply. Open Interest declined 11.10% to approximately $63.82M after volatility accelerated around JUP's breakout rally, suggesting leveraged traders started decreasing exposure following the rapid price expansion. This reduction in derivatives participation helped reduce liquidation risk because speculative positioning became less crowded, though it also reflected weaker short-term conviction among traders who previously chased upside continuation. Buyers therefore remained structurally dominant even after JUP rejected the upper resistance region near $0.2655.
