$XLM 0.192，I know this move from the main force by heart—spot big orders turn hostile first. In 15 minutes the big orders flipped to net selling; over three hours, that remaining 1.19 billion is still sitting there. But the ones who can take deliveries aren’t big money anymore—they’re just queued-up small orders. Even those borrowing funds on-chain have turned, up by 27%.
The derivatives side is even more straightforward: when it comes to actively buying, it’s down to just 37%. The OI is pinned at the high end, pressing down a strong short quadrant—leveraged longs’ positions haven’t been fully cleared. Over 24 hours, the price dropped more than three points, and there’s been almost no resistance on the way down.
The whales are the most amusing: the long percentage on their accounts is still increasing, yet their positions are shrinking. They say “I’m bullish,” while quietly unloading. Who are they talking to?
No matter how red that three-hour chunk of money gets, it can’t stop the big order from running first. When the small orders waiting to catch the knife also dry up, that’s when the sell-off accelerates. If the big order kills back and starts taking deliveries again one day, I’ll change my tune—right now, I’m staying short on this market.
#xlm $XLM
The derivatives side is even more straightforward: when it comes to actively buying, it’s down to just 37%. The OI is pinned at the high end, pressing down a strong short quadrant—leveraged longs’ positions haven’t been fully cleared. Over 24 hours, the price dropped more than three points, and there’s been almost no resistance on the way down.
The whales are the most amusing: the long percentage on their accounts is still increasing, yet their positions are shrinking. They say “I’m bullish,” while quietly unloading. Who are they talking to?
No matter how red that three-hour chunk of money gets, it can’t stop the big order from running first. When the small orders waiting to catch the knife also dry up, that’s when the sell-off accelerates. If the big order kills back and starts taking deliveries again one day, I’ll change my tune—right now, I’m staying short on this market.
#xlm $XLM
