HEI is currently around 0.127u. I won’t rush to go long here.
This coin was pushed up by the sentiment from someone giving trading calls a few days ago. A week ago it even touched 0.25, but now it’s fallen back to 0.127—down more than 40% in a week. The issue isn’t the trend; it’s that money is flowing out.
Spot is the most obvious. Over the past 3 hours, net outflows have expanded to the tens of millions level. For 12 consecutive candles, none have flipped red, and in the last 15 minutes, there have been no large orders buying in at all. In the earlier rally, more of it was propped up by sentiment and calls—not by real spot capital.
Futures are interesting too. Open interest increased by 40% in a day, yet the price is moving downward. The aggressive order book is distributing—this doesn’t look like absorption; it looks more like switching hands. Funding has stayed negative. Shorts are paying longs, which also indicates there aren’t few people shorting. The rebound later could be quite sharp, but that would be a squeeze—not a reversal.
There are also bullish signs: large accounts are still increasing the proportion of their long positions. The depth of buy orders in the order book is close to twice the sell-side depth, and the price is also hugging the day’s low—so there’s room for a bounce in the short term. The problem is that for the rebound to hold, we first need to see spot capital truly returning.
So my stance is to stay on the sidelines: no chasing longs, and no rushing into shorts either. The key is whether the prior low zone of 0.121–0.127 can be held. If it holds and funds flow back, then we can talk about a reversal. If it doesn’t hold, we’ll keep looking lower. In a spot where both sides are uncomfortable like this, we should wait for the funds to pick a direction first.
#hei $HEI
This coin was pushed up by the sentiment from someone giving trading calls a few days ago. A week ago it even touched 0.25, but now it’s fallen back to 0.127—down more than 40% in a week. The issue isn’t the trend; it’s that money is flowing out.
Spot is the most obvious. Over the past 3 hours, net outflows have expanded to the tens of millions level. For 12 consecutive candles, none have flipped red, and in the last 15 minutes, there have been no large orders buying in at all. In the earlier rally, more of it was propped up by sentiment and calls—not by real spot capital.
Futures are interesting too. Open interest increased by 40% in a day, yet the price is moving downward. The aggressive order book is distributing—this doesn’t look like absorption; it looks more like switching hands. Funding has stayed negative. Shorts are paying longs, which also indicates there aren’t few people shorting. The rebound later could be quite sharp, but that would be a squeeze—not a reversal.
There are also bullish signs: large accounts are still increasing the proportion of their long positions. The depth of buy orders in the order book is close to twice the sell-side depth, and the price is also hugging the day’s low—so there’s room for a bounce in the short term. The problem is that for the rebound to hold, we first need to see spot capital truly returning.
So my stance is to stay on the sidelines: no chasing longs, and no rushing into shorts either. The key is whether the prior low zone of 0.121–0.127 can be held. If it holds and funds flow back, then we can talk about a reversal. If it doesn’t hold, we’ll keep looking lower. In a spot where both sides are uncomfortable like this, we should wait for the funds to pick a direction first.
#hei $HEI