$ICX: Down 13.5%, but the shorts may not be as strong as you think.
Down 13.5%, and open interest has also shrunk by 8.9%.
Price down + position size down.
This combination tells you one thing:
It’s not that shorts are actively entering; it’s that longs are actively exiting.
These two things look similar, but the nature is completely different.
Shorts actively short → the momentum is sustained, and the downtrend has continuity.
Longs stop out and exit → the momentum is limited; once they’re flat, it’s gone.
Once all the longs that should leave have left, the momentum behind this selloff will naturally fade.
Funding rate: -0.038%. A negative value means shorts are continuously paying, so the cost of shorting isn’t low.
So for now I only look at 0.0156.
Hold the line. As the longs’ exit nears the end, the price may stabilize here.
If it breaks down, and at the same time OI starts to rise, that means new shorts have entered—its nature has changed.
The way you handle these two scenarios is completely different.
Let’s make sure we understand clearly first.
Click the small card below to quickly check the market trend👇
Down 13.5%, and open interest has also shrunk by 8.9%.
Price down + position size down.
This combination tells you one thing:
It’s not that shorts are actively entering; it’s that longs are actively exiting.
These two things look similar, but the nature is completely different.
Shorts actively short → the momentum is sustained, and the downtrend has continuity.
Longs stop out and exit → the momentum is limited; once they’re flat, it’s gone.
Once all the longs that should leave have left, the momentum behind this selloff will naturally fade.
Funding rate: -0.038%. A negative value means shorts are continuously paying, so the cost of shorting isn’t low.
So for now I only look at 0.0156.
Hold the line. As the longs’ exit nears the end, the price may stabilize here.
If it breaks down, and at the same time OI starts to rise, that means new shorts have entered—its nature has changed.
The way you handle these two scenarios is completely different.
Let’s make sure we understand clearly first.
Click the small card below to quickly check the market trend👇