A 0G that fell 13%—the money didn’t run away; it’s actually getting pushed in. This is now the most worth fighting for.
Price was smashed from 0.23 down to 0.196, grinding just below the 20-day moving average for 6 hours without making a new low. Meanwhile, contract open interest surged 174% in a single day—from 3.78 million to 10.40 million.
Even more striking is the funding rate: all 8 samples were negative, with an average of -0.126%. In the midst of the big drop, positions were still being added, and shorts have to keep paying to hold their positions. That indicates this round of selloff left the shorts stranded in place. Spot activity was abnormal too: over the past 3 hours, there was net inflow of 3.2 million, and all 12 candlesticks were positive— the harder it fell, the denser the spot buy orders became.
The big players are on the same side as well: the number of accounts is decreasing, but the share of long positions in accounts has risen by 5%, with positioning concentrating into fewer accounts. After 4 hours of momentum showing signs of exhaustion, the trend is still downward, but selling pressure has clearly started to dry up.
My stance: go long. Play the bounce in line with the idea of “shorts being trapped + spot accumulation + concentrated positioning.” The first target is to reclaim the level above the 0.21 moving average, then look further to 0.22–0.23.
Conditions for a reversal: contract open interest falls sharply, spot 3-hour net inflow turns negative, and it breaks below 0.191—the previous low. If that happens, it means the money entering isn’t accumulation capital but trapped longs, and I’ll immediately flip to short and exit. #0g $0G
Price was smashed from 0.23 down to 0.196, grinding just below the 20-day moving average for 6 hours without making a new low. Meanwhile, contract open interest surged 174% in a single day—from 3.78 million to 10.40 million.
Even more striking is the funding rate: all 8 samples were negative, with an average of -0.126%. In the midst of the big drop, positions were still being added, and shorts have to keep paying to hold their positions. That indicates this round of selloff left the shorts stranded in place. Spot activity was abnormal too: over the past 3 hours, there was net inflow of 3.2 million, and all 12 candlesticks were positive— the harder it fell, the denser the spot buy orders became.
The big players are on the same side as well: the number of accounts is decreasing, but the share of long positions in accounts has risen by 5%, with positioning concentrating into fewer accounts. After 4 hours of momentum showing signs of exhaustion, the trend is still downward, but selling pressure has clearly started to dry up.
My stance: go long. Play the bounce in line with the idea of “shorts being trapped + spot accumulation + concentrated positioning.” The first target is to reclaim the level above the 0.21 moving average, then look further to 0.22–0.23.
Conditions for a reversal: contract open interest falls sharply, spot 3-hour net inflow turns negative, and it breaks below 0.191—the previous low. If that happens, it means the money entering isn’t accumulation capital but trapped longs, and I’ll immediately flip to short and exit. #0g $0G
