$SOXL：The harder it drops, the more I dare not short it.
Price fell from 153.5700 to 128.1200, down 15.3%.
It looks very weak.
But I noticed one detail:
The large holders’ long/short ratio is 2.98.
Leaning toward the long side.
Normally, when the price drops this much, big players would have already reduced their long positions.
But they haven’t.
The funding rate is 0.000%, close to neutral, with no big difference in costs between both sides.
Now ask yourself this question:
If the big players are right, at what level would the retail short side be forced to close?
That level is the real point worth paying attention to.
I only watch 123.3100.
Hold it and then we’ll talk. If it breaks, we’ll look again.
Don’t predict—wait for the market to give a signal.
Click the small card below to quickly check the行情👇
Price fell from 153.5700 to 128.1200, down 15.3%.
It looks very weak.
But I noticed one detail:
The large holders’ long/short ratio is 2.98.
Leaning toward the long side.
Normally, when the price drops this much, big players would have already reduced their long positions.
But they haven’t.
The funding rate is 0.000%, close to neutral, with no big difference in costs between both sides.
Now ask yourself this question:
If the big players are right, at what level would the retail short side be forced to close?
That level is the real point worth paying attention to.
I only watch 123.3100.
Hold it and then we’ll talk. If it breaks, we’ll look again.
Don’t predict—wait for the market to give a signal.
Click the small card below to quickly check the行情👇