AKE is now 0.0113u. I just finished brushing through the historical high yesterday (0.0154), then it dropped by almost a third and bounced back.
On the surface, this move looks strong—about double in a week, and the 4-hour direction is still trending up. But really, it comes down to who’s buying.
On the spot side, net inflow from large orders is zero—nothing has really come in. The main strength is coming from the futures: in the past 7 hours, the open interest value has piled up by nearly 15%, and the aggressive buy orders are also sweeping. This rebound is lifted by leverage, not by real spot money putting in cash.
Once you add the big players’ actions, it’s clear: the long position ratio is under 40%, and accounts with long positions are even fewer; over the past 7 hours, both sides have been cutting down positions. Retail is chasing, while big holders are borrowing the rebound to reduce longs—same story as what I warned about yesterday.
There’s also a hidden concern: the circulating share is only a little over 20%, and the remaining nearly 80% of tokens are still locked up. When sentiment is hot, it’s fine; when sentiment cools, this is the supply hanging over your head.
So at this level, I don’t recommend chasing the rebound. The trend is still there, but the “relay” money is leverage, not spot. When leverage steps back, volatility will only get bigger. If you really want to participate, wait for a pullback and wait for the spot large orders to re-enter—that’s when it counts as a genuine relay.
#ake $AKE
On the surface, this move looks strong—about double in a week, and the 4-hour direction is still trending up. But really, it comes down to who’s buying.
On the spot side, net inflow from large orders is zero—nothing has really come in. The main strength is coming from the futures: in the past 7 hours, the open interest value has piled up by nearly 15%, and the aggressive buy orders are also sweeping. This rebound is lifted by leverage, not by real spot money putting in cash.
Once you add the big players’ actions, it’s clear: the long position ratio is under 40%, and accounts with long positions are even fewer; over the past 7 hours, both sides have been cutting down positions. Retail is chasing, while big holders are borrowing the rebound to reduce longs—same story as what I warned about yesterday.
There’s also a hidden concern: the circulating share is only a little over 20%, and the remaining nearly 80% of tokens are still locked up. When sentiment is hot, it’s fine; when sentiment cools, this is the supply hanging over your head.
So at this level, I don’t recommend chasing the rebound. The trend is still there, but the “relay” money is leverage, not spot. When leverage steps back, volatility will only get bigger. If you really want to participate, wait for a pullback and wait for the spot large orders to re-enter—that’s when it counts as a genuine relay.
#ake $AKE