$CHIP This move is a bit ruthless.
In just 15 minutes, it already cut down more than 4 points. The trading volume is up to 1.5 times, and the closing price also directly pierced through the lower edge of the recent 20 five-minute K-lines. Even more worth noting is that the contract open interest is dropping—nominal positions shrank by over 700K. This doesn’t look like a fresh dump by new shorts; it feels more like a bunch of long leverage is being flushed out—passive stop-losses getting forced out.
The funding rate is still in the higher percentile range recently, and there’s also a heavier active selling pressure. The buy-sell ratio is only 0.77, and sell orders are clearly pressing down. For a target like #CHIP that was ranked second in full-pool abnormal activity—once it triggers a trend-breaking breakdown, it often turns into a continuous, follow-through type of move.
With this setup, short-term action is hard to call gently. The longs’ footing hasn’t fully stabilized yet—don’t rush to catch the flying knife.
In just 15 minutes, it already cut down more than 4 points. The trading volume is up to 1.5 times, and the closing price also directly pierced through the lower edge of the recent 20 five-minute K-lines. Even more worth noting is that the contract open interest is dropping—nominal positions shrank by over 700K. This doesn’t look like a fresh dump by new shorts; it feels more like a bunch of long leverage is being flushed out—passive stop-losses getting forced out.
The funding rate is still in the higher percentile range recently, and there’s also a heavier active selling pressure. The buy-sell ratio is only 0.77, and sell orders are clearly pressing down. For a target like #CHIP that was ranked second in full-pool abnormal activity—once it triggers a trend-breaking breakdown, it often turns into a continuous, follow-through type of move.
With this setup, short-term action is hard to call gently. The longs’ footing hasn’t fully stabilized yet—don’t rush to catch the flying knife.