Everyone, in this rotation, NOWUSDT is the one that’s been drained the most.
Down 20.668% in 24 hours, with the price at 122.41—right on the floor of its 20-day range.
At the 0.0th percentile, it hasn’t lifted its head all day.
At this level, I wouldn’t rush to call it cheap.
Trading volume was 0.89M in the previous 24 hours, and 12.16M over the past 24 hours—that’s 13.6 times higher, yet the price still couldn’t hold its ground.
There’s no cushion beneath the floor.
That multiple tells us the tokens are changing hands, not that supply is running short.
The real detail is the funding rate: positive 0.0505%. Longs are still paying shorts.
In my view, it’s not shorts getting squeezed; longs are the ones giving way, and support is being stripped away layer by layer.
Among the same batch, CAPUSDT is down 25.897% and DOSUSDT is down 16.966%.
GRASSUSDT is down 14.345%. It’s the same pot, but those closest to the fire are the first to go hungry.
Prices collapse wherever liquidity migrates. That hasn’t changed.
What do you all think of this one? Let’s talk in the comments.
At first glance, I thought I’d read it wrong. I checked twice before believing it had really plunged to a new 20-day low. Just keep an eye on it, everyone.
$NOW $CAP $DOS #NOW #比特币 #Crypto
The above is a record of my personal trading system and observations of data, and does not constitute investment advice.