$LINK Now 9.44, still crawling under that 9.76 wall to grind; the script hasn’t changed at all. You get hit a few times in a week—this morning I even touched 9.585 and got slapped back, all the way down to 9.33.
The price hasn’t broken, but the money first leaked out. In spot, net outflows exceeded 1.5 million in three hours: out of twelve pillars, none were positive; passive buy orders were only a bit over 30%, and they repaid back half. The money to break the wall didn’t keep up—so it’s all just piled up in the contracts.
The open interest hasn’t stopped, though—added more than two percentage points in a day, all shoved under the wall. But the funding rate has dropped below the average, and the basis is still negative. This money is betting on a breakdown, not a real push.
Those promoters in the plaza have been shouting from morning to night; sentiment is topped up. Over a hundred bullish posts a day. Good news comes one after another, but the price is still grinding right here, and volume ratio is even lower than average. With sentiment maxed out but money not following, what’s missing is this burst of conviction.
At this level I won’t chase it. If the wall breaks, you need either volume or money—right now neither is hard enough, and there’s nobody to catch it on the pullback. Do we retreat to grind more, or keep bottling it to break the level and let it choose for itself.
#link $LINK
The price hasn’t broken, but the money first leaked out. In spot, net outflows exceeded 1.5 million in three hours: out of twelve pillars, none were positive; passive buy orders were only a bit over 30%, and they repaid back half. The money to break the wall didn’t keep up—so it’s all just piled up in the contracts.
The open interest hasn’t stopped, though—added more than two percentage points in a day, all shoved under the wall. But the funding rate has dropped below the average, and the basis is still negative. This money is betting on a breakdown, not a real push.
Those promoters in the plaza have been shouting from morning to night; sentiment is topped up. Over a hundred bullish posts a day. Good news comes one after another, but the price is still grinding right here, and volume ratio is even lower than average. With sentiment maxed out but money not following, what’s missing is this burst of conviction.
At this level I won’t chase it. If the wall breaks, you need either volume or money—right now neither is hard enough, and there’s nobody to catch it on the pullback. Do we retreat to grind more, or keep bottling it to break the level and let it choose for itself.
#link $LINK