NBIS is now around 246u. This is a slightly bearish spot for me—don’t rush to chase a trade.
The downtrend is very clear: in the past 24 hours it dropped nearly 9%. On the daily chart, a long bearish candle smashed straight from 274 down to 246, closing right at the bottom of the pit. On the 15-minute chart, price is pinned down by the moving averages: MA20 at 251 and MA50 at 260 are all overhead. Every bounce gets pushed back.
The order book and contracts also don’t favor the longs: the spot buy wall is only half the size of the sell wall; above, there are sell orders double the amount of the buy orders. For futures, the主动卖（active sell）volume is 40% higher than the buys, with the long/short ratio at 0.69—orders to the downside make up the majority. Open interest is still shrinking, suggesting this drop is driven by liquidation rather than shorts adding aggressively—there’s also less ammunition for any rebound.
Big accounts: the number of accounts rose noticeably over the past seven hours, but the longs’ position share is still below half. I don’t see clear dip-buying capital coming in—more like they’re testing the direction while still at low levels.
In plain terms, from the trend, the order book, and the资金流 (capital flow), all three point to the same answer: the shorts haven’t finished yet.
But I don’t recommend chasing a short at this level. Price is already sitting right on the 24h low of 245, and the order book is thin—one rebound could sweep and trigger stop-losses. Wait for two signals: either a rebound toward the 251 area that can’t move further and then gives the shorts another chance, or a break below 245 with volume and then follow. Right now, chasing either long or short feels awkward. Step aside first and let the market confirm the direction.
#nbis $NBIS
The downtrend is very clear: in the past 24 hours it dropped nearly 9%. On the daily chart, a long bearish candle smashed straight from 274 down to 246, closing right at the bottom of the pit. On the 15-minute chart, price is pinned down by the moving averages: MA20 at 251 and MA50 at 260 are all overhead. Every bounce gets pushed back.
The order book and contracts also don’t favor the longs: the spot buy wall is only half the size of the sell wall; above, there are sell orders double the amount of the buy orders. For futures, the主动卖（active sell）volume is 40% higher than the buys, with the long/short ratio at 0.69—orders to the downside make up the majority. Open interest is still shrinking, suggesting this drop is driven by liquidation rather than shorts adding aggressively—there’s also less ammunition for any rebound.
Big accounts: the number of accounts rose noticeably over the past seven hours, but the longs’ position share is still below half. I don’t see clear dip-buying capital coming in—more like they’re testing the direction while still at low levels.
In plain terms, from the trend, the order book, and the资金流 (capital flow), all three point to the same answer: the shorts haven’t finished yet.
But I don’t recommend chasing a short at this level. Price is already sitting right on the 24h low of 245, and the order book is thin—one rebound could sweep and trigger stop-losses. Wait for two signals: either a rebound toward the 251 area that can’t move further and then gives the shorts another chance, or a break below 245 with volume and then follow. Right now, chasing either long or short feels awkward. Step aside first and let the market confirm the direction.
#nbis $NBIS