Prices were pulled back from 1609; during a day’s swing the amplitude was fast at 6.5%. The batch of people who chased at the four-hour high is basically been washed out by now. The contract’s open positions shrank by 15% over seven hours, and the funding rate also flipped from negative back to positive—leverage really has been cleared in a sweep. The sell-off order book doesn’t look like this.
What really catches the eye is the whale: during these seven hours of hammering the order book, the whale’s long positions didn’t fall—they increased. The long/short position ratio is 1.78, long positions make up 64%, and over the same seven hours they even added 13.34%. If you’re really unloading, you wouldn’t choose this spot to add leveraged long orders.
The order book is tightly gripping the near-end side. Only above the top twenty order levels are the sell walls thicker—that’s the pullback resistance zone around 1550–1560, not enough to trigger a reversal. The conclusion is direct: go long. Pull back to around the 1534 moving-average line to get on board; the first target is to see a reclaim of 1600.
When to flip? When the whale’s long/short ratio turns down and the funding rate backslides to negative and accelerates again, that would indicate big capital is withdrawing too, and the long position should acknowledge the mistake and exit. This signal hasn’t appeared yet. #sndk $SNDK
What really catches the eye is the whale: during these seven hours of hammering the order book, the whale’s long positions didn’t fall—they increased. The long/short position ratio is 1.78, long positions make up 64%, and over the same seven hours they even added 13.34%. If you’re really unloading, you wouldn’t choose this spot to add leveraged long orders.
The order book is tightly gripping the near-end side. Only above the top twenty order levels are the sell walls thicker—that’s the pullback resistance zone around 1550–1560, not enough to trigger a reversal. The conclusion is direct: go long. Pull back to around the 1534 moving-average line to get on board; the first target is to see a reclaim of 1600.
When to flip? When the whale’s long/short ratio turns down and the funding rate backslides to negative and accelerates again, that would indicate big capital is withdrawing too, and the long position should acknowledge the mistake and exit. This signal hasn’t appeared yet. #sndk $SNDK
