OKX Restructures, Cuts Institutional Team by Half Amid Global Changes
- Layoff Situation: OKX has cut approximately half of its institutional team during a global restructuring, although a company spokesperson stated that this is not a 'mass layoff', the exact number of affected individuals remains unclear.
- Team Exodus: Reports indicate that 8-10 employees were laid off, with an additional 3-4 leaving voluntarily after the restructuring announcement, resulting in about a third of the institutional salesforce departing, highlighting the restructuring's impact on employee morale.
- Business Transformation: OKX is evolving towards a more traditional institutional coverage model aimed at deepening long-term client relationships and better supporting their needs across different market cycles, which may affect its competitive position in the market.
- Global Operations Optimization: The restructuring aims to optimize OKX's operations across multiple jurisdictions globally, leveraging secured licenses to reorganize retail and institutional operations in response to the changing market environment.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI) As of , Sleepless AI (AI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00934 | 0.0149 | 0.02 | 0.0256 | 0.0307 | 0.0363 | 0.0414 |
| Fibonacci | 0.0149 | 0.019 | 0.0215 | 0.0256 | 0.0297 | 0.0322 | 0.0363 |
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