$JUP Tonight it blew up again. In just 15 minutes it dropped 2% straight, with trading volume surging to more than 14 times. Volatility, the Z score, hit 5.9—this isn’t some small move. OI (open interest) is shrinking in both the 15-minute and 1-hour periods, and the contract positioning fell by 4.4%, indicating the longs are either panicking and trying to exit or being liquidated.
What’s even harsher: the closing price directly broke through the lower edges of the last nearly 20 five-minute K-lines. The market structure is clearly a typical downtrend plus deleveraging—nothing like a rebound. Over the past 24 hours, trading value was over $13 million. Passive vs. active trading: active trades were 3.3% higher, and the buy/sell ratio was 1.07—buy orders are slightly more than sells, but that volume still can’t withstand the sell-off.
This is ranked #1 in the pool’s abnormal activity list. In this kind of extreme market, all you can do is watch or go along with the trend to short. New lows might be on the way. #币圈 #交易 #Beware
What’s even harsher: the closing price directly broke through the lower edges of the last nearly 20 five-minute K-lines. The market structure is clearly a typical downtrend plus deleveraging—nothing like a rebound. Over the past 24 hours, trading value was over $13 million. Passive vs. active trading: active trades were 3.3% higher, and the buy/sell ratio was 1.07—buy orders are slightly more than sells, but that volume still can’t withstand the sell-off.
This is ranked #1 in the pool’s abnormal activity list. In this kind of extreme market, all you can do is watch or go along with the trend to short. New lows might be on the way. #币圈 #交易 #Beware
