NVDA drops 3.5% in a day. Contract open positions cut 21.73% over 24 hours—most leveraged long positions that should’ve run have basically been liquidated. But the price is still sitting on the 20-day moving average around 218.8, and active buying accounts for 59.6%. Cutting positions doesn’t equal a bottom—this is the trap.
The issue is money: for spot, the big orders show net inflow of a single grid is 0 for all 5 candlesticks. For futures, active trades shrink by 58% over 7 hours. In the order book, the sell-side depth of 832 is pressing down against the buy-side 697. This rebound is propped up by leveraged positions lifting themselves—not by real demand stepping in.
With the fee rate at near 0, longs don’t “pay the fuel,” which doesn’t mean someone is there to take the orders. The daily trend is still DOWN. The rebound hasn’t even reclaimed the opening price of 225.69, and the pit at 216.99 is still right under your feet.
Short: enter at 218.8–219. If it breaks 216.99, that’s a second wave of selling. Only when spot big orders turn positive or the daily closes back above 225 should you flip around. #nvda $NVDA
The issue is money: for spot, the big orders show net inflow of a single grid is 0 for all 5 candlesticks. For futures, active trades shrink by 58% over 7 hours. In the order book, the sell-side depth of 832 is pressing down against the buy-side 697. This rebound is propped up by leveraged positions lifting themselves—not by real demand stepping in.
With the fee rate at near 0, longs don’t “pay the fuel,” which doesn’t mean someone is there to take the orders. The daily trend is still DOWN. The rebound hasn’t even reclaimed the opening price of 225.69, and the pit at 216.99 is still right under your feet.
Short: enter at 218.8–219. If it breaks 216.99, that’s a second wave of selling. Only when spot big orders turn positive or the daily closes back above 225 should you flip around. #nvda $NVDA
