$SOPHUSDT This market looks frustrating: the price has been sliding lower all the way to around historical lows, and the volume hasn’t really picked up. The capital situation is even worse—open interest has shrunk by 15%, longs are cutting losses and exiting, the funding/fee rate is painfully low. Both large accounts and their positions are declining at the same time—clearly nobody dares to step in and “catch the falling knife.”
The trend is being pushed down across the board. The 15-minute chart shows a slight rebound, but the bigger timeframes are still bearish—at most, it’s a weak dead-cat bounce. 🔻 Don’t rush to bottom-buy next. Follow short-selling logic, wait for a stabilization signal, keep your position size light, and be careful not to get buried.
The trend is being pushed down across the board. The 15-minute chart shows a slight rebound, but the bigger timeframes are still bearish—at most, it’s a weak dead-cat bounce. 🔻 Don’t rush to bottom-buy next. Follow short-selling logic, wait for a stabilization signal, keep your position size light, and be careful not to get buried.