HEI is now around 0.192u. I think I finally get this move—not a pullback, but money withdrawing.
First, let’s talk about the coin’s background. A week ago it was still stuck around 0.08u. In just a few days it ran up to 0.545—up sixfold. But now it has retraced nearly 30% over three days, and it’s down another 20% in the last 24 hours.
The problem isn’t the price dropping—it’s that the funds are flowing out. On the spot side, there’s been a net outflow of more than 100 million U in the past three hours. Across 12 candlesticks, there’s been net outflow every single one—none are red. This isn’t bottom-picking; it’s distribution.
On the futures side, open interest is also shrinking, and the path it’s taking looks like long positions getting liquidated/cut. Spot selling orders are even outnumbering buys. Any rebound is just an escape order.
Community sentiment is even more straightforward: a bunch of people are treating it as a pump-and-dump when they recap.
In this position, I won’t touch it. Just because it’s down a lot doesn’t mean it’s cheap. Until the capital comes back, you’re just catching falling knives. If you want to look, wait until the sell pressure is released and the spot net flow turns positive. Right now chasing longs has terrible cost-effectiveness—so avoid it.
#hei $HEI
First, let’s talk about the coin’s background. A week ago it was still stuck around 0.08u. In just a few days it ran up to 0.545—up sixfold. But now it has retraced nearly 30% over three days, and it’s down another 20% in the last 24 hours.
The problem isn’t the price dropping—it’s that the funds are flowing out. On the spot side, there’s been a net outflow of more than 100 million U in the past three hours. Across 12 candlesticks, there’s been net outflow every single one—none are red. This isn’t bottom-picking; it’s distribution.
On the futures side, open interest is also shrinking, and the path it’s taking looks like long positions getting liquidated/cut. Spot selling orders are even outnumbering buys. Any rebound is just an escape order.
Community sentiment is even more straightforward: a bunch of people are treating it as a pump-and-dump when they recap.
In this position, I won’t touch it. Just because it’s down a lot doesn’t mean it’s cheap. Until the capital comes back, you’re just catching falling knives. If you want to look, wait until the sell pressure is released and the spot net flow turns positive. Right now chasing longs has terrible cost-effectiveness—so avoid it.
#hei $HEI