NVDA plunged from 229 to 217 in one go—four hours and five consecutive bearish candles. It looks like a short-driven move—yet for the contract’s open interest, seven hours saw a 14% cut, while passive buying actually amplified by nearly a factor of two. This sell-off is slicing the flesh of leveraged longs; so who is the one picking up the drop?
Price falling while volume rises is the most important signal to watch. In the last 15 minutes, the share of aggressive buy orders was 57.7%, and the buy volume over seven hours nearly doubled; meanwhile, OI shrank by 14% in the same period. The drop mainly came from liquidations exiting, not from new short entries. In a sell-off without fresh shorts, the sell pressure itself is already running out.
Big players are cooperating too. Over seven hours, the whale accounts’ long/short ratio rose by 30.67%, and the long/short position ratio increased by 18.99%—adding to longs at lower levels rather than fleeing. With funding rates down to zero, longs have no overheated position cost, and the price is perfectly pinned just above the 15-minute MA20 (218).
My stance: a pullback is for cleaning out, not a reversal. Go long near 218, betting on a rebound after liquidations. The risk is also clear: the 4h trend is still DOWN and price is below the MA50. If it breaks 216.98 and aggressive sell orders exceed, it means the dip-picker didn’t actually catch it—then the long setup is immediately invalid; switch to short.
#nvda $NVDA
Price falling while volume rises is the most important signal to watch. In the last 15 minutes, the share of aggressive buy orders was 57.7%, and the buy volume over seven hours nearly doubled; meanwhile, OI shrank by 14% in the same period. The drop mainly came from liquidations exiting, not from new short entries. In a sell-off without fresh shorts, the sell pressure itself is already running out.
Big players are cooperating too. Over seven hours, the whale accounts’ long/short ratio rose by 30.67%, and the long/short position ratio increased by 18.99%—adding to longs at lower levels rather than fleeing. With funding rates down to zero, longs have no overheated position cost, and the price is perfectly pinned just above the 15-minute MA20 (218).
My stance: a pullback is for cleaning out, not a reversal. Go long near 218, betting on a rebound after liquidations. The risk is also clear: the 4h trend is still DOWN and price is below the MA50. If it breaks 216.98 and aggressive sell orders exceed, it means the dip-picker didn’t actually catch it—then the long setup is immediately invalid; switch to short.
#nvda $NVDA
