$ORDI Three days of surge 330%, then a sudden drop of nearly half overnight, what's going on?

$ORDI Just experienced a classic crypto rollercoaster. Starting from $2.43 on April 13, it soared to $10.73 in just three trading days, a 330% increase, as if the king of inscriptions had a sudden revival. But the celebration didn't last beyond the fourth day—according to the latest data, the price has fallen back to around $5.94, with an 84.5% volatility, and those who chased the high haven't even had time to rejoice before being caught in the fall.

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The core of this rapid rise is a rebound from oversold conditions. Over the past year, $ORDI has been declining from $28 all the way down to the $2 range, a drop of over 98%, with market depth as thin as paper. A small amount of capital entering can trigger a huge rally, which is the real reason behind the tripling in just three days. From a technical perspective, the long-term descending wedge has indeed been broken, with a theoretical target of $11.4, but the SUPERTREND support is still far at $9.427, and the current price is still well above the trend support. $6.309 is the last line of defense for the short-term bulls; if it can't hold, the correction will accelerate.

Market liquidity is even more concerning. This rally follows a typical "kill the shorts first, then the longs" pattern—during the rapid surge, short positions were liquidated for over $24 million, and after the high-level pullback, leveraged long positions were also liquidated. Whales are also distributing at high levels, with one address net buying $6.69 million but net selling as much as $9.02 million. Among the smart money group, the average cost basis for profitable traders is $6.48, with unrealized gains exceeding $800k, and profit-taking pressure could hit at any moment. #山寨币强势反弹 $ORDI