$TRX Kong it. The hottest part of the mouth, the coldest price—eco’s new high has been blown all the way, sentiment 7.46, bullish posts 259 are pressing down on 3; as for the price, 0.344 has been drifting for a week, and 0.346 can’t be pierced no matter how hard you try.
What really catches the eye is the money. Spot net inflow of 64.7M in three hours—big orders haven’t stopped all day, 63M is still being pumped in. Yet the price doesn’t move at all. Money goes into the order book but can’t push the price—only one possibility: the buy-side is getting absorbed by sell orders placed by the top, and someone is using spot bids to slowly unload.
The futures side is even less confident. The share of active buying has dropped to just 31%; in seven hours it cut by nearly 90%. The basis immediately flipped negative, and the funding rate is 0.01%. Spot is being taken, futures are withdrawing—both legs are pulling in opposite directions. This isn’t building strength; it’s distribution.
On the leverage front, the borrowing ratio has exploded 2305% within 12 hours. The spot long/short ratio is 29:1—everyone who borrowed to chase longs is crowding to one side, but the price still can’t go up. I’m shorting, bearish. Unless you see volume breaking through the weekly high at 0.3535 and futures buy volume swings back to more than half—then I’m wrong; I’ll admit it. #trx $TRX
What really catches the eye is the money. Spot net inflow of 64.7M in three hours—big orders haven’t stopped all day, 63M is still being pumped in. Yet the price doesn’t move at all. Money goes into the order book but can’t push the price—only one possibility: the buy-side is getting absorbed by sell orders placed by the top, and someone is using spot bids to slowly unload.
The futures side is even less confident. The share of active buying has dropped to just 31%; in seven hours it cut by nearly 90%. The basis immediately flipped negative, and the funding rate is 0.01%. Spot is being taken, futures are withdrawing—both legs are pulling in opposite directions. This isn’t building strength; it’s distribution.
On the leverage front, the borrowing ratio has exploded 2305% within 12 hours. The spot long/short ratio is 29:1—everyone who borrowed to chase longs is crowding to one side, but the price still can’t go up. I’m shorting, bearish. Unless you see volume breaking through the weekly high at 0.3535 and futures buy volume swings back to more than half—then I’m wrong; I’ll admit it. #trx $TRX
