MU price 931, while also stepping on the 15-minute 20-day moving average without breaking it—looks like it’s about to catch its breath—yet in active orders, the sell side is nearly twice the buy side. Price is holding steady while volume is one-sided. The quality of this stabilization deserves a big question mark.
Look at the funding rate: in eight rounds of sampling, not a single one is positive. Even as shorts pay to keep pressuring the price, they don’t stop—this isn’t panic shorting; it’s the mainstream capital’s proactive choice. Open interest was cut by 9.5% in a day. The longs that exited aren’t being taken up, so price can only be ground lower.
The spot market confirms it even more: net inflow from large orders is zero. The buy wall is thinner by 20% than the sell wall—nobody is accumulating at lower levels. The low at 923 hasn’t been broken, but both the 4H and daily directions are still pointing down. Selling pressure hasn’t fully been flushed out; this isn’t “bids strengthening.”
My answer is one word: short. If it rebounds to 937–940, go short. If it breaks 923, add short in line with the move. Targets to watch are the previous lows around 917/909.
Reversal conditions: positions stop declining and start increasing, the funding rate returns to positive, and spot sees large-order net inflows. Until all three line up, every rebound is basically food for the shorts. #mu $MU
Look at the funding rate: in eight rounds of sampling, not a single one is positive. Even as shorts pay to keep pressuring the price, they don’t stop—this isn’t panic shorting; it’s the mainstream capital’s proactive choice. Open interest was cut by 9.5% in a day. The longs that exited aren’t being taken up, so price can only be ground lower.
The spot market confirms it even more: net inflow from large orders is zero. The buy wall is thinner by 20% than the sell wall—nobody is accumulating at lower levels. The low at 923 hasn’t been broken, but both the 4H and daily directions are still pointing down. Selling pressure hasn’t fully been flushed out; this isn’t “bids strengthening.”
My answer is one word: short. If it rebounds to 937–940, go short. If it breaks 923, add short in line with the move. Targets to watch are the previous lows around 917/909.
Reversal conditions: positions stop declining and start increasing, the funding rate returns to positive, and spot sees large-order net inflows. Until all three line up, every rebound is basically food for the shorts. #mu $MU
