It fell 5%, and the funding rate is still stuck in positive territory—no longs have exited. That’s the most worth pondering about MRVL today.
In the past 24 hours, it was dumped from 260 down to 237. The 20/50 lines were all broken. In the four-hour chart, it’s four bearish candles and two bullish ones— the market looks terrible beyond terrible. But the derivatives side tells a completely different story: open interest has expanded by 14.66% in one day, and then rose another 12.37% over the following seven hours. The more it falls, the more people open positions.
Those opening new positions are all whales. Over the past seven hours, net-long accounts are up 28.86%, longs make up 72% of the accounts, longs account for 70.6% of the positions, and the active buy orders are 53.5%, pressing against the sell orders. The shorts push the price down—what they hit is the panic selling. Meanwhile their own long positions are getting thicker in the 231–240 zone as they keep getting bought.
So go long. During the decline, the contract side adds exposure, whales are net long, and the funding rate holds positive. This isn’t a long-side rout; it’s the main players picking up inventory at lower levels. Reversal conditions: a breakdown below 231.5, the whales’ long ratio falling back below 65%, and open interest turning and shrinking—when all three happen together, the logic is invalid and you flip to being bearish.
#marvell $MRVL
In the past 24 hours, it was dumped from 260 down to 237. The 20/50 lines were all broken. In the four-hour chart, it’s four bearish candles and two bullish ones— the market looks terrible beyond terrible. But the derivatives side tells a completely different story: open interest has expanded by 14.66% in one day, and then rose another 12.37% over the following seven hours. The more it falls, the more people open positions.
Those opening new positions are all whales. Over the past seven hours, net-long accounts are up 28.86%, longs make up 72% of the accounts, longs account for 70.6% of the positions, and the active buy orders are 53.5%, pressing against the sell orders. The shorts push the price down—what they hit is the panic selling. Meanwhile their own long positions are getting thicker in the 231–240 zone as they keep getting bought.
So go long. During the decline, the contract side adds exposure, whales are net long, and the funding rate holds positive. This isn’t a long-side rout; it’s the main players picking up inventory at lower levels. Reversal conditions: a breakdown below 231.5, the whales’ long ratio falling back below 65%, and open interest turning and shrinking—when all three happen together, the logic is invalid and you flip to being bearish.
#marvell $MRVL
