About 14 hours ago, the morning warning about a high-level distribution: 3 contracts have been issued. Now, 1 has been fulfilled, while 2 are still in tug-of-war. For the moment, none have fully broken out of the one-way downtrend.
First issuance observation review: the chips are scattered.
BERA: Fulfilled. The bearish outlook from the morning has already played out.
After the first issuance, the price continued to weaken by 5.39%, and open interest also decreased by 15.70% in tandem, indicating that during the pullback, support thinned and capital was withdrawing.
PENDLE: Tug-of-war; the price has not yet formed a one-way downside confirmation.
After the first issuance, the price fell by 1.17%, but trading volume increased by 29.75%, suggesting there is still a fairly clear churn at the current level.
The active buy indicator dropped by 0.30 to 0.64: buyers are backing off, but we still need the price to continue weakening further to confirm that the pullback is extending.
BLUR: Tug-of-war; the morning distribution warning has not been fully realized.
After the first issuance, the price fell by 2.31%, and open interest decreased by 7.73%, showing signs that the heat above has begun to fade.
However, the active buy indicator is still at 0.93, and there is no clear disappearance of support, so for now it can only be considered a tug-of-war.
Next, we should jointly watch whether the price can continue to weaken, and also monitor whether open interest and the active buy indicator further decline; if PENDLE and BLUR start to pick up again with renewed volume expansion, and the active buy indicator rises, then this high-level distribution judgment will need to be re-evaluated.
#BERA #PENDLE #BLUR #Contract recap
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