Ordinals (ORDI) is a pioneering BRC‑20 token built on the Bitcoin network’s Ordinals protocol, enabling tokenized assets and inscriptions on Bitcoin satoshis.
The token saw an explosive all‑time high near $96 in March 2024 but has since retraced sharply, trading around $3–$4 with heavy drawdowns from peak levels.
Recent weakness stems from exchange delisting of its ORDI/BTC pair, which cut liquidity and triggered selling pressure.
Technical indicators show ORDI trading below key moving averages, suggesting bearish momentum with occasional oversold bounces.
Broader crypto fear sentiment and thin altcoin liquidity magnify volatility, making short‑term trends noisy.
Long‑term outlook hinges on Bitcoin ecosystem adoption of BRC‑20 and Ordinals utility alongside wider market sentiment.
ORDIUSDT
Perp.
2.923
-7.14%