This wave is really weak—price has directly smashed through the lower Bollinger Band. All three lines are pressing down at the same time, with zero sign of any rebound. Latest price is 0.008203, down 8.72% in the past 24 hours—it's been pretty brutal.
Another bearish candle drops 3.36% on the 15-minute chart. Then volume suddenly surges, landing at about 4 times the recent average volume. This selling pressure looks heavy. The funding rate is still positive at +0.0054%. Long positions’ average cost is relatively high; spot holders don’t feel much, but in the futures market, longs are continuously paying.
Open interest is also shrinking. OI fell 12.5% over 24 hours, and contract capital is being pulled out—deliverable warrants are dropping pretty quickly too. The long/short ratio is 0.58, and short-side accounts clearly have the advantage. Market sentiment is bearish. Price is basically running right along the bottom, and the Bollinger Bands are still widening downward.
Overall, it’s a weak structure: price grinds along the lower band, volume expands, positions shrink, and the number of shorts outweighs longs. Right now, the order book is essentially dominated by the bears.
For reference only and does not constitute investment advice.
#AKE #点金Midas
Another bearish candle drops 3.36% on the 15-minute chart. Then volume suddenly surges, landing at about 4 times the recent average volume. This selling pressure looks heavy. The funding rate is still positive at +0.0054%. Long positions’ average cost is relatively high; spot holders don’t feel much, but in the futures market, longs are continuously paying.
Open interest is also shrinking. OI fell 12.5% over 24 hours, and contract capital is being pulled out—deliverable warrants are dropping pretty quickly too. The long/short ratio is 0.58, and short-side accounts clearly have the advantage. Market sentiment is bearish. Price is basically running right along the bottom, and the Bollinger Bands are still widening downward.
Overall, it’s a weak structure: price grinds along the lower band, volume expands, positions shrink, and the number of shorts outweighs longs. Right now, the order book is essentially dominated by the bears.
For reference only and does not constitute investment advice.
#AKE #点金Midas