Review of the morning bearish call and high-level distribution warning issued about 13 hours ago: Of the three contracts, T and REZ weakened as expected, while STEEM remains caught in a tug-of-war, with no sustained one-way decline so far.
Positions are unwinding.
T: Played out. The morning bearish move has materialized.
Since the initial post, the price has continued to weaken, down 10.42%, directly confirming the pullback.
Open interest fell by 15.39% at the same time, while the active buy/sell indicator dropped to 0.80. This suggests that support is thin and positions in the market are also being closed.
STEEM: Still caught in a tug-of-war; the morning bearish call has not yet led to a one-way decline.
Since the initial post, the price has instead risen 2.24%, directly weakening the original outlook.
However, open interest fell by 9.64% and the active buy/sell indicator declined by 0.09, suggesting that additional buying support remains limited during the rebound.
REZ: Played out. Price action since the initial post has continued in line with the morning bearish outlook.
The price weakened by 4.44%, while trading volume increased by 53%, so the pullback was not simply a low-volume fluctuation.
The active buy/sell indicator fell by 0.44 to 0.85, indicating a clear retreat in aggressive buying, with pressure still present in the order book.
Next, keep an eye on whether volume continues to confirm price weakness, and whether active buying recovers.
If T and REZ stabilize in price and open interest starts to rise again, or STEEM sees volume pick up during its rebound and active buying recover, this high-level distribution warning should be reassessed.
#T #STEEM #REZ #Contract Review
Compiled with the assistance of Claude Fable 5 using contract data. For informational purposes only; please verify independently.