BANK is now around 0.052u.
In the first four posts, everyone was bearish—going from 0.22 all the way down to 0.058. Now the price has dropped another 10%.
But to be honest, the data at this position is much more complicated than before.
The order-book thickness is behaving unusually—buy orders have piled up to 3 million, sell orders are only 820k, and the ratio has stretched to 3.7x. Active buy orders are also twice as large as sell orders. On the spot side, it’s clear that someone is taking deliveries.
The problem is: the large-order capital flow doesn’t match this at all. In the past three hours, across 12 candlesticks, every single one has been net outflow, with a very large total outflow volume.
Plainly speaking: retail and robots are picking up here, but the whales’ large orders are still exiting.
The whale accounts look somewhat bullish—about 70% of the position is held, and they’re still adding. But on the futures side, active sell orders are more than active buys, and the funding rate is still negative.
The biggest contradiction at this level—someone is catching bids, and someone is unloading. Neither side can overwhelm the other.
The trend is still downward: the MACD has a dead cross, the daily moving averages have a dead cross, and the price is riding along the 20-day line but below the 50-day line. The direction hasn’t changed.
However, after the 92% drop, the odds for chasing shorts don’t feel as comfortable as before.
So my stance here is to wait.
Wait for capital to choose a direction—either it holds the bounce, or it can’t support it and the drop continues. If you jump in and pick a side right now, both sides feel uncomfortable.
#bank $BANK
In the first four posts, everyone was bearish—going from 0.22 all the way down to 0.058. Now the price has dropped another 10%.
But to be honest, the data at this position is much more complicated than before.
The order-book thickness is behaving unusually—buy orders have piled up to 3 million, sell orders are only 820k, and the ratio has stretched to 3.7x. Active buy orders are also twice as large as sell orders. On the spot side, it’s clear that someone is taking deliveries.
The problem is: the large-order capital flow doesn’t match this at all. In the past three hours, across 12 candlesticks, every single one has been net outflow, with a very large total outflow volume.
Plainly speaking: retail and robots are picking up here, but the whales’ large orders are still exiting.
The whale accounts look somewhat bullish—about 70% of the position is held, and they’re still adding. But on the futures side, active sell orders are more than active buys, and the funding rate is still negative.
The biggest contradiction at this level—someone is catching bids, and someone is unloading. Neither side can overwhelm the other.
The trend is still downward: the MACD has a dead cross, the daily moving averages have a dead cross, and the price is riding along the 20-day line but below the 50-day line. The direction hasn’t changed.
However, after the 92% drop, the odds for chasing shorts don’t feel as comfortable as before.
So my stance here is to wait.
Wait for capital to choose a direction—either it holds the bounce, or it can’t support it and the drop continues. If you jump in and pick a side right now, both sides feel uncomfortable.
#bank $BANK