Contract-side trading activity dropped 27.77% in 7 hours—this is the backdrop of the rebound led by $SAMSUNG . After the price was smashed from 195 down to 185.9, it only turned green after 4 hours and barely managed to get back above the 50-day moving average. It looks like a sell-off has stabilized, but the capital that could drive this rebound never really stepped in.
In the past 7 hours, active buy/sell orders have been basically 50-50, while contract open interest shrank by 6% over the day, and leverage is still retreating. This rebound wasn’t “accumulated” by aggressive buying—it’s more like a technical dead-cat bounce where the market just can’t keep falling. Both sides are pulling back; nobody is willing to add positions at this level.
The order book is even more straightforward: the sell-side depth is close to 1.7 times the buy-side depth, and sell pressure is solidly stacked above 188.8. The whale position long/short ratio is only 0.89—large positions are already tilted toward the short side, and during this move, shorts are still continuing to reduce longs.
So don’t treat 189 as a sign of stabilization. This is a bear-market continuation “bull trap” window. If you enter shorts above 189, the first target is the previous low at 185.9; if it breaks, keep watching for further downside. The only condition for a viewpoint reversal: price must rise with volume and hold above 189.2, open interest must rebuild, and the proportion of active buy volume must clearly be more than half—only then will the funds truly come back, and shorts should be withdrawn first. #samsung $SAMSUNG
In the past 7 hours, active buy/sell orders have been basically 50-50, while contract open interest shrank by 6% over the day, and leverage is still retreating. This rebound wasn’t “accumulated” by aggressive buying—it’s more like a technical dead-cat bounce where the market just can’t keep falling. Both sides are pulling back; nobody is willing to add positions at this level.
The order book is even more straightforward: the sell-side depth is close to 1.7 times the buy-side depth, and sell pressure is solidly stacked above 188.8. The whale position long/short ratio is only 0.89—large positions are already tilted toward the short side, and during this move, shorts are still continuing to reduce longs.
So don’t treat 189 as a sign of stabilization. This is a bear-market continuation “bull trap” window. If you enter shorts above 189, the first target is the previous low at 185.9; if it breaks, keep watching for further downside. The only condition for a viewpoint reversal: price must rise with volume and hold above 189.2, open interest must rebuild, and the proportion of active buy volume must clearly be more than half—only then will the funds truly come back, and shorts should be withdrawn first. #samsung $SAMSUNG
