$MET Did what was said yesterday come true? Let’s do one last analysis of why Sister Qing didn’t follow the trend to go long, but instead chose to go short
1️⃣ Technical breakdown and moving average pressure
1. Spike-and-dump pattern: The price hit a high of 0.5468 and then quickly pulled back, with the candlesticks showing a clear spike-and-dump and sideways drift downward pattern
2. Moving average death cross pressure: The short-term moving averages turned downward, and MA(99) formed strong resistance above. The technical setup was bearish, and short sellers used the resistance level to position
2️⃣ Capital side “passive absorption” and divergence among major players
1. Divergence between falling price and incoming funds: The 24h drop reached -15.59%, which in on-chain terms often means passive buying below is absorbing supply, but there is very little willingness to actively push the price up
2. Slowing major inflows: The 5-day net inflow from major players was 8.24M, but the net inflow of large orders in the past 24 hours was only 1.43M (compared with 6.69M the day before), indicating that after a sharp inflow of large capital, the momentum has stalled. Early profit-taking holders used the capital absorption on the buy side to distribute at high levels, triggering short sellers to dump along with the trend
3️⃣ Abnormal changes in position concentration and chip distribution
1. Chips first concentrated, then dispersed: The concentration of positions on the market spiked sharply in the morning (peaking near 23.69%) before quickly falling back to around 21.8%, with a slight rebound currently
2. Distribution signal: A rapid rise and fall in concentration usually accompanies the process of large holders/major players accumulating chips and then distributing them to the market. After chips dispersed, the price failed to stabilize, indicating heavy selling pressure. Short sellers judged that the major players’ willingness to defend the market had weakened and chose to follow the short side on the right
4️⃣ Shrinking volume and weak rebound
During the spike, trading volume surged; afterward, as the price fell and moved sideways, volume kept shrinking and remained below the MA(5) and MA(10) volume averages, showing a lack of incremental funds to support a rebound
5️⃣ Multi-period declines and sentiment
The day’s drop was -15.59%. Although the 7-day/30-day returns were still positive (50.47%/124.46%), a short-term surge often leads to profit-taking. In the fund flow pie chart, the sell side accounted for a very high proportion. In absolute terms it was covered by buys, but at the price level it completely suppressed buying pressure, indicating that sell orders had stronger execution density and initiative$BTC $ETH
#比特币重复使用地址持有433万枚BTC #IMF称代币化市场仍小且碎片化 #XRP现货ETF持仓17亿美元周流入放缓
1️⃣ Technical breakdown and moving average pressure
1. Spike-and-dump pattern: The price hit a high of 0.5468 and then quickly pulled back, with the candlesticks showing a clear spike-and-dump and sideways drift downward pattern
2. Moving average death cross pressure: The short-term moving averages turned downward, and MA(99) formed strong resistance above. The technical setup was bearish, and short sellers used the resistance level to position
2️⃣ Capital side “passive absorption” and divergence among major players
1. Divergence between falling price and incoming funds: The 24h drop reached -15.59%, which in on-chain terms often means passive buying below is absorbing supply, but there is very little willingness to actively push the price up
2. Slowing major inflows: The 5-day net inflow from major players was 8.24M, but the net inflow of large orders in the past 24 hours was only 1.43M (compared with 6.69M the day before), indicating that after a sharp inflow of large capital, the momentum has stalled. Early profit-taking holders used the capital absorption on the buy side to distribute at high levels, triggering short sellers to dump along with the trend
3️⃣ Abnormal changes in position concentration and chip distribution
1. Chips first concentrated, then dispersed: The concentration of positions on the market spiked sharply in the morning (peaking near 23.69%) before quickly falling back to around 21.8%, with a slight rebound currently
2. Distribution signal: A rapid rise and fall in concentration usually accompanies the process of large holders/major players accumulating chips and then distributing them to the market. After chips dispersed, the price failed to stabilize, indicating heavy selling pressure. Short sellers judged that the major players’ willingness to defend the market had weakened and chose to follow the short side on the right
4️⃣ Shrinking volume and weak rebound
During the spike, trading volume surged; afterward, as the price fell and moved sideways, volume kept shrinking and remained below the MA(5) and MA(10) volume averages, showing a lack of incremental funds to support a rebound
5️⃣ Multi-period declines and sentiment
The day’s drop was -15.59%. Although the 7-day/30-day returns were still positive (50.47%/124.46%), a short-term surge often leads to profit-taking. In the fund flow pie chart, the sell side accounted for a very high proportion. In absolute terms it was covered by buys, but at the price level it completely suppressed buying pressure, indicating that sell orders had stronger execution density and initiative$BTC $ETH
#比特币重复使用地址持有433万枚BTC #IMF称代币化市场仍小且碎片化 #XRP现货ETF持仓17亿美元周流入放缓