币界网报道：Optimism [OP] recently saw a 28% increase in daily active addresses. And, since then, the number has continued to rise. In fact, over the past week, active addresses have risen an additional 9.9%, according to data from IntoTheBlock. The June 27th spike in activity was a factor. The concentration metric highlights the distribution of OP’s circulating supply. Nearly 60% is in whale wallets, while another 23.8% is in the hands of investors. Here, investors are defined as addresses holding 0.1%-1% of the supply, while whales hold 1% or more. The low share of retail holders suggests that Optimism may not be highly decentralized, which raises some concerns about widespread adoption. There also seems to be a threat of whales being more able to influence prices. The supply distribution shows that addresses holding 1 million-10 million OP have been accumulating this month. From holding 836.96 million OP on June 01, they have accumulated nearly another 50 million OP. Meanwhile, the group of holders holding 10 million – 100 million OP sold 43 million OP. On-chain data shows that whale accumulation is not very evident even with high on-chain activity. As a result, Optimism may have difficulty recovering from the downturn since January. Bearish pressure on OP has not subsided. OBV has been declining since March, highlighting that the selling volume on green days is greater than the buying volume. The oscillating market structure is bearish as the coin broke below the two-month range in mid-June. The Supertrend indicator continues to flash a sell signal and the moving averages show bearish momentum. However, there may be some hope for bullish traders on the lower timeframes. A bullish market structure breakout (white) has occurred in the past few days. There is a demand area on the lower timeframe at $0.56, which may bring buying opportunities for traders in the coming days. However, the prevailing trend is bearish and traders should set tight stops if they plan to go long.Disclaimer: The information provided does not constitute financial, investment, trading or other type of advice and is solely the opinion of the author.