0.0218 is its top today; now it’s at 0.0194. The price has already slid below the 15-minute moving average bottom. Contract open positions blew up again—up 132.87% in one day. The fire is already overcooked, and oil is still being pumped in. That’s the most twisted part of this chart.
Aggressive buy orders only make up 46.3%. Sell orders are pinning the buys; the ask at level 1 is also thicker than the bid. For coins that are up 48%, the net inflow of spot large orders is still zero—what’s being lifted is all futures positioned as a stack, and there’s been no sign of real money.
With the funding rate at 0.064% turning positive, longs are paying to hold up positions every eight hours. Whale holdings are still pinned at 60.8% long, but the number of accounts dropped 3.57% over seven hours—there’s more existing positions that haven’t fully exited yet, not fresh money coming in.
I’m going short directly. The height built by leverage won’t be taken by anyone; giving back gains is only a matter of time. Now enter at 0.0194, aiming to cover/retrace into the dense range of 0.016–0.015. Set the stop-loss above 0.022. When will it reverse? Once the net inflow of spot large orders turns positive, and price reclaims 0.0218 on volume, then I’ll admit I was wrong.
#4 $4
Aggressive buy orders only make up 46.3%. Sell orders are pinning the buys; the ask at level 1 is also thicker than the bid. For coins that are up 48%, the net inflow of spot large orders is still zero—what’s being lifted is all futures positioned as a stack, and there’s been no sign of real money.
With the funding rate at 0.064% turning positive, longs are paying to hold up positions every eight hours. Whale holdings are still pinned at 60.8% long, but the number of accounts dropped 3.57% over seven hours—there’s more existing positions that haven’t fully exited yet, not fresh money coming in.
I’m going short directly. The height built by leverage won’t be taken by anyone; giving back gains is only a matter of time. Now enter at 0.0194, aiming to cover/retrace into the dense range of 0.016–0.015. Set the stop-loss above 0.022. When will it reverse? Once the net inflow of spot large orders turns positive, and price reclaims 0.0218 on volume, then I’ll admit I was wrong.
#4 $4
