$NIL price falls, positions increase, and near-term divergence is widening.

Spot volume over 24h: 8.08M; futures volume over 24h: 65.77M; 15m positions +2.53%.

As prices decline, new positions are being added, and the intensity of intra-day competition is rising.

For the next round, first check whether the price has stopped falling, then see whether the rate of position increase slows down.