$XPL : Accounts are only about 44% long, while large traders still hold around 70% of their positions. Price has just plunged through the 17:00 low and made a new daily low, so it’s too soon to rush into buying the dip.
At 17:00, roughly 1.4 million U in hourly volume first drove the price down to 0.04984, before it recovered. Volume tapered off at 18:00. From 19:30 to 19:35, two five-minute candles saw a combined roughly 1.13 million U drive the price down through that low from around 0.050, setting a new daily low of 0.04907. The 19:00 hourly volume was roughly 2.11 million U; the price is now around 0.0497. It’s down about 7.8% over 24 hours, with roughly 21.4 million U in volume.
At 17:00, OI was about 535 million contracts. It rose to around 539 million before the sell-off, barely moved when price hit its low at 19:35, and then slipped only to about 538 million. Accounts are about 44% long, indicating a bearish tilt, while large traders’ positions remain around 69.5%. The funding rate at the 20:00 settlement was about +0.0023%, and it’s currently around +0.0027%, close to neutral for a four-hour interval. The breakdown has just come on rising volume, while the rebound volume remains light, so it’s too soon to rush into buying the dip. For signs of a bottom, watch for a high-volume recovery and a hold above 0.04984. If price breaks below 0.04907 on high volume and contract count starts rising again, support has failed. Accounts are short while large traders are long—which side will blink first after this daily low?
#XPL账户多头仅四成四 #Plunged through the 17:00 low
At 17:00, roughly 1.4 million U in hourly volume first drove the price down to 0.04984, before it recovered. Volume tapered off at 18:00. From 19:30 to 19:35, two five-minute candles saw a combined roughly 1.13 million U drive the price down through that low from around 0.050, setting a new daily low of 0.04907. The 19:00 hourly volume was roughly 2.11 million U; the price is now around 0.0497. It’s down about 7.8% over 24 hours, with roughly 21.4 million U in volume.
At 17:00, OI was about 535 million contracts. It rose to around 539 million before the sell-off, barely moved when price hit its low at 19:35, and then slipped only to about 538 million. Accounts are about 44% long, indicating a bearish tilt, while large traders’ positions remain around 69.5%. The funding rate at the 20:00 settlement was about +0.0023%, and it’s currently around +0.0027%, close to neutral for a four-hour interval. The breakdown has just come on rising volume, while the rebound volume remains light, so it’s too soon to rush into buying the dip. For signs of a bottom, watch for a high-volume recovery and a hold above 0.04984. If price breaks below 0.04907 on high volume and contract count starts rising again, support has failed. Accounts are short while large traders are long—which side will blink first after this daily low?
#XPL账户多头仅四成四 #Plunged through the 17:00 low
