ONDO drops 13% as Bitcoin falls below $83,000
Ondo (ONDO)
Editor:
Eugene Serbin
Lookonchain.com reports that Bitcoin’s pullback below $83,000 triggered sharp declines across altcoins. ONDO fell more than 13%, trading at $0.4964, while NEAR also dropped over 13% to $4.604. Other notable losers included Q, which plunged 23.07% to $0.022159, and INX, down 21.52% to $0.0057.
QNT decreased by 20.39% to $207.12, and FARTCOIN slid 15.60% to $0.1623. USELESS dropped 14.86% to $0.22742, while SEI fell 13.90% to $0.07364. RAY declined 13.83% to $1.8417, and ARB dropped 13.33% to $0.19367.
El Salvador launched its remittance app Sivar on the Base network with a fixed $2 fee. Bitcoin’s open interest is at its lowest level since March, reducing vulnerability to leverage liquidations. A new address accumulated 14,836 ETH, worth approximately $39.73 million.
How the market reacted
Whalio's own Binance spot order flow for ONDO, measured when this story was written up on 29 September 2026. Not the outlet's figures.
Whalio’s Binance spot data for ONDO shows a price of $0.5199 with a 1-hour buy ratio of 50.8% and a 4-hour ratio of 48.6%. These short-term figures sit below the 24-hour buy ratio of 53.2%, suggesting that immediate buying pressure is fading relative to the daily average. The 1-hour volume delta is positive at $28,044, indicating recent net inflows, but the 4-hour delta is negative at -$205,517, showing that larger timeframes have seen net outflows. Over 24 hours, the volume delta is strongly positive at $5,150,190, with a cumulative volume delta of $622,500. This indicates that while recent hours have seen mixed flows, the broader daily trend remains one of net buying. Spot volume reached $83,243,111 with 470,463 trades in the last day.
The latest daily buy ratio of 48.1% sits at the 32nd percentile of the last 322 days, against a median of 49.5% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for ONDO, averaged over the days leading up to the story.
Compared to the preceding week, ONDO’s 24-hour buy ratio of 53.2% is 4.3 percentage points higher than the 7-day average of 48.9%. This day saw 1.69 times the average volume, marking it as an unusually active trading day. However, the 8-day volume delta was negative at -$811,358, contrasting with the strong daily inflow. The coin’s price rose 13.5% over eight days, despite only one day of net buying in that period. This suggests that the recent price appreciation occurred over a broader timeframe rather than being driven by consistent daily net buying.