$VELVET Small-cap demon coin parabola peaks: +46.8% in three days, +119% in seven days—surged to 1.2473 and then ran out of steam. In four hours, six K-bars all net down 9%, nailing the price solidly DOWN. The market verdict is just two words—exhausted. The longs simultaneously pay the shorts a 0.062% funding rate, while also watching open interest shrink 5.5% over one day. Over seven hours, major-account longs cut positions by 17.6%—the baton handoff has nobody left. Short from 1.05 on the bounce; stop loss is outside the prior high at 1.16. First look at 0.99; if it breaks, chase to 0.90, with the final target at 0.80.