$ZHIPU: This drop makes me more curious about whether the bulls will panic first.
I just glanced at the data, and there’s one detail that caught my attention.
Price has been falling, but the big-player long/short positioning ratio is still at 1.95.
That means: the group with the heaviest positions is still on the long side.
They haven’t bailed.
There are two possibilities here.
First:
The big players misjudged it, and next they’ll be forced to stop out, with price accelerating further downward.
Second:
The big players know something we don’t. They’re waiting for a certain level.
After retail traders have all been stopped out and forced out, then they push upward.
If it’s the second scenario, people chasing shorts right now might actually become fuel.
So for now, I’m only watching the 127.9100 level.
Break below, and OI keeps rising → it suggests new shorts are entering, and you can start looking for short opportunities.
Hold the level, and the buy-side comes back → the big-player thesis may be valid; be cautious about chasing shorts.
I’m not guessing the direction now.
Let the market tell me the answer first.
Click the small card below to quickly view the market trend 👇
I just glanced at the data, and there’s one detail that caught my attention.
Price has been falling, but the big-player long/short positioning ratio is still at 1.95.
That means: the group with the heaviest positions is still on the long side.
They haven’t bailed.
There are two possibilities here.
First:
The big players misjudged it, and next they’ll be forced to stop out, with price accelerating further downward.
Second:
The big players know something we don’t. They’re waiting for a certain level.
After retail traders have all been stopped out and forced out, then they push upward.
If it’s the second scenario, people chasing shorts right now might actually become fuel.
So for now, I’m only watching the 127.9100 level.
Break below, and OI keeps rising → it suggests new shorts are entering, and you can start looking for short opportunities.
Hold the level, and the buy-side comes back → the big-player thesis may be valid; be cautious about chasing shorts.
I’m not guessing the direction now.
Let the market tell me the answer first.
Click the small card below to quickly view the market trend 👇