$XAG 63.8, and it gets to 65.2 and you pull back again—there’s truly been no change to the script.
During the day, that push to 65.34 was basically to set the trapped positions above free; the 4-hour chart has already turned green, and the price has also retreated below the 20-line. It really can’t push higher.
But this time there’s a bit of a difference inside. Open interest jumped 38% in one day. Normally that means real money has come in, but the price still refuses to break through and stay above 65.2.
Look at the spot market’s active buy orders: they’re only up 38%, and in 7 hours the taker cut more than 60%. The money is stacked in the futures, but no one is buying the spot—no matter how I算 this, it doesn’t add up.
The whales’ long positions also increased by 35% in a day. They’re all betting on something, but I’m afraid this is a case of longs piling up and getting more and more crowded.
At the end of the day, it’s still the same old problem: when it rises, no one steps in to take it—everything relies on futures propping it up. I won’t chase at this level. I’ll wait for the capital to choose a direction again, or wait until it truly breaks that barrier with volume.
Let’s pre-play the ending.
#xag $XAG
During the day, that push to 65.34 was basically to set the trapped positions above free; the 4-hour chart has already turned green, and the price has also retreated below the 20-line. It really can’t push higher.
But this time there’s a bit of a difference inside. Open interest jumped 38% in one day. Normally that means real money has come in, but the price still refuses to break through and stay above 65.2.
Look at the spot market’s active buy orders: they’re only up 38%, and in 7 hours the taker cut more than 60%. The money is stacked in the futures, but no one is buying the spot—no matter how I算 this, it doesn’t add up.
The whales’ long positions also increased by 35% in a day. They’re all betting on something, but I’m afraid this is a case of longs piling up and getting more and more crowded.
At the end of the day, it’s still the same old problem: when it rises, no one steps in to take it—everything relies on futures propping it up. I won’t chase at this level. I’ll wait for the capital to choose a direction again, or wait until it truly breaks that barrier with volume.
Let’s pre-play the ending.
#xag $XAG