BLESS is currently around 0.014u. I don't really feel like chasing it from here.
Basically, this is a small-cap "monster coin" that has been pumped over seven days. The momentum has now stalled. There is still more than a 20% upside over the next seven days, but over three days it has given back nearly half; over the past 24 hours it's down about 15%; and over the last four hours it's been five consecutive down moves followed by one up, still trending lower. This isn't a shakeout—it's what happens when, after a spike, nobody steps in to buy.
The futures market is even clearer. Open interest was cut by more than 10% in a single day. The data lands in the "bear_capitulation" quadrant. Market participants are actively absorbing orders to eat the sell pressure, but the selling pressure is still pressing down on the bid side. The long/short ratio is 0.87. The market is withdrawing liquidity rather than pushing it back in.
The only thing that still looks bullish is that the large-holder accounts’ long proportion is still hovering at around 65%, but within seven hours it dropped by three percentage points, and the price hasn't caught up. This kind of divergence—data still showing longs while the price doesn't agree—is actually a risk signal, indicating there's not enough follow-through to absorb.
On top of that, the circulating supply ratio is only a little over 20%. The rest of the supply is still hanging. In this kind of structure for small caps, the biggest fear is a rebound without volume.
So my stance is very clear: don't chase from this level, and don't rush to buy early. Wait until the momentum truly stabilizes and funds start flowing back in. If you already hold positions, watch the pressure; if you don't have any, just observe and wait for direction.
#bless $BLESS
Basically, this is a small-cap "monster coin" that has been pumped over seven days. The momentum has now stalled. There is still more than a 20% upside over the next seven days, but over three days it has given back nearly half; over the past 24 hours it's down about 15%; and over the last four hours it's been five consecutive down moves followed by one up, still trending lower. This isn't a shakeout—it's what happens when, after a spike, nobody steps in to buy.
The futures market is even clearer. Open interest was cut by more than 10% in a single day. The data lands in the "bear_capitulation" quadrant. Market participants are actively absorbing orders to eat the sell pressure, but the selling pressure is still pressing down on the bid side. The long/short ratio is 0.87. The market is withdrawing liquidity rather than pushing it back in.
The only thing that still looks bullish is that the large-holder accounts’ long proportion is still hovering at around 65%, but within seven hours it dropped by three percentage points, and the price hasn't caught up. This kind of divergence—data still showing longs while the price doesn't agree—is actually a risk signal, indicating there's not enough follow-through to absorb.
On top of that, the circulating supply ratio is only a little over 20%. The rest of the supply is still hanging. In this kind of structure for small caps, the biggest fear is a rebound without volume.
So my stance is very clear: don't chase from this level, and don't rush to buy early. Wait until the momentum truly stabilizes and funds start flowing back in. If you already hold positions, watch the pressure; if you don't have any, just observe and wait for direction.
#bless $BLESS