$CYS bounced back to the top and started to fall.
After yesterday’s continued surge, I just took a quick look at the board. The high was probed up to around 1.7, but it was immediately pushed back down—basically a wick with no volume. Then it went straight into a 50% plunge.
The reason was found by Steel Brother. He took a look at the chain data and saw that both spot and futures funding on the order book were seeing large net outflows. This was an asset that got pumped purely by market sentiment—so it rises fast and falls fast. It’s time to follow Steel Brother’s trading rhythm. Get ready to bring the fans along to harvest!
After yesterday’s continued surge, I just took a quick look at the board. The high was probed up to around 1.7, but it was immediately pushed back down—basically a wick with no volume. Then it went straight into a 50% plunge.
The reason was found by Steel Brother. He took a look at the chain data and saw that both spot and futures funding on the order book were seeing large net outflows. This was an asset that got pumped purely by market sentiment—so it rises fast and falls fast. It’s time to follow Steel Brother’s trading rhythm. Get ready to bring the fans along to harvest!