$SNXX First, set the up/down move aside and see clearly who is adding to positions and who is exiting.
On the 15m timeframe: price -0.95%, position -1.31%. This looks more like “deleveraging and pullback”—positions are shrinking while price is falling. What we see first is capital leaving, not a fresh one-way trend..
Active buys account for 43.0%, and short-term sell orders are more willing to hit the market. The long/short participant ratio is 0.70—there are more shorts than longs, but it’s not yet at the crowded short-cover bounce zone.
The fee rate has returned to neutral. This only indicates that average holding cost has normalized; it doesn’t mean the price is already stable.
On the 15m timeframe: price -0.95%, position -1.31%. This looks more like “deleveraging and pullback”—positions are shrinking while price is falling. What we see first is capital leaving, not a fresh one-way trend..
Active buys account for 43.0%, and short-term sell orders are more willing to hit the market. The long/short participant ratio is 0.70—there are more shorts than longs, but it’s not yet at the crowded short-cover bounce zone.
The fee rate has returned to neutral. This only indicates that average holding cost has normalized; it doesn’t mean the price is already stable.