SAMSUNG 186.6: It just got smashed down from the 198.8 high—within 4 hours it fell by more than 5 points, and both the 20- and 50-day moving averages were completely broken through. On the surface, it’s a bearish candle—but what really stands out is this: during these hours of decline, the open interest not only didn’t shrink, it expanded by more than 10%.
Price is falling, but money is piling in—this is the most worth dissecting contradiction of this round. The strongest tell: whale long positions surged by 45% in seven hours. The long/short ratio is 1.69; longs account for 64.4% of the positions, and they’re still adding. Sell orders are being dumped, but the heavy hands are absorbing.
The lower the price goes, the wider the open interest gets—meaning someone is selling harder while others are buying harder. The funding rate is -0.006% and hugging the zero line; this leg down doesn’t have the “panic selling” feel. And with order book bid/ask depth at 1:1, there’s no wall of resting limit orders pressing down. The drop looks more like a turnover/rotation than a sell-off.
I’m not bearish—I choose to go long, following the whales. If it breaks below 186.26, the 24h low, and at the same time the whale long position flips and drops—then my view would reverse. #samsung $SAMSUNG
Price is falling, but money is piling in—this is the most worth dissecting contradiction of this round. The strongest tell: whale long positions surged by 45% in seven hours. The long/short ratio is 1.69; longs account for 64.4% of the positions, and they’re still adding. Sell orders are being dumped, but the heavy hands are absorbing.
The lower the price goes, the wider the open interest gets—meaning someone is selling harder while others are buying harder. The funding rate is -0.006% and hugging the zero line; this leg down doesn’t have the “panic selling” feel. And with order book bid/ask depth at 1:1, there’s no wall of resting limit orders pressing down. The drop looks more like a turnover/rotation than a sell-off.
I’m not bearish—I choose to go long, following the whales. If it breaks below 186.26, the 24h low, and at the same time the whale long position flips and drops—then my view would reverse. #samsung $SAMSUNG
