- SYRUP has recorded a large liquidity inflow from investors across the spot and on-chain segments.
- Retail derivative traders continue to oppose a potential rally, betting on a price decline.
Maple Finance [SYRUP] saw decent movement in the past 24 hours, with the asset climbing 3.34%, nudging its overall monthly gains to slightly above 40%.
This bullish movement comes amid high liquidity inflow into the Maple Finance protocol, with investors across the market accumulating the asset.
Interestingly, AMBCrypto’s analysis shows that not all segments of the market support a rally, as some participants are selling—here’s what this could imply for SYRUP.
What’s fueling SYRUP’s liquidity?
Data from DeFiLlama confirmed that Maple Finance experienced a liquidity surge in the past day, pushing Total Value Locked (TVL) to an all-time high.
On the 5th of July, the TVL hit $2.588 billion as investors deposited more SYRUP into the protocol, likely signaling a long-term price outlook.
Source: DeFiLlama
Over the past 30 days, TVL has increased by approximately 26%, suggesting a consistent inflow of capital—clearly reflected on the charts.
This surge in liquidity was also accompanied by increased accumulation in the retail spot market and by smart money investors within the past 24 hours.
Smart money—a known group of investors that consistently make profitable bets by buying low and selling high—accumulated $1.56 million worth of SYRUP in a single day, according to Nansen.
Source: Nansen
This recent accumulation brought their total weekly purchases to $5.6 million. A similar buying wave was also observed in the spot market.
According to CoinGlass’ Spot Exchange Netflow data, this group of investors has maintained a four-day buying streak.
In the past four days alone, they have purchased approximately $1.2 million worth of SYRUP, moving the assets into private wallets—indicating a long-term price outlook behind their accumulation strategy.
Source: CoinGlass
There’s a caveat
However, derivative market investors appeared to diverge from the rest of the market, as bearish sentiment continued to surface.
Notably, the Open Interest Weighted Funding Rate had dropped sharply into negative territory, with a press time reading of -0.0104%.
Source: CoinGlass
If the rate continues to fall, SYRUP could enter a slight corrective phase before resuming its upward movement.
Conditional rally ahead?
To determine how much impact SYRUP is likely to have on the price chart, AMBCrypto analyzed its price action and found a two-way potential for movement.
At the time of writing, the asset traded within a bullish pattern known as the symmetrical triangle. In fact, SYRUP was heading toward the bottom of the chart, which aligned with an existing support at $0.5344.
Source: TradingView
A move into this level implies the asset could break out from the pattern and gain 6%, pushing the price to $0.5689.
Interestingly, there’s a condition: if SYRUP fails to rally at this support and breaks down, it would invalidate the current bullish structure and drop to $0.5269.
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