MARSCOIN just touched a new all-time high of 0.263 early yesterday morning, then fell back to 0.183 in a day and a half, down 29% in 24 hours. The sharp drop is not the point; the point is that during the selloff, people were疯狂 adding leverage to buy the dip — futures open interest expanded 30% in a day, and on-chain lending volume exploded 53x in 12 hours.
Yes, the spot leverage long-short ratio has piled up to 444x, and every bottom-fishing position is borrowed money. But on the other side, large spot orders have seen net outflows for three straight hours, every one of the last 12 candles was negative, and the cumulative net outflow across the last 5 large orders reached 4.05 million. The main players are using every rebound to distribute.
In plain terms, chips are being transferred from the main holders to leveraged longs. The price has already fallen below MA20 and MA50, the four-hour chart is all red, and funding is still charging longs. In this kind of market, a rebound is not an opportunity — it is liquidity being handed to the sellers.
I’m short. A rebound to 0.19 (the MA20 resistance level) is the short entry point, and if it breaks below 0.177, look for 0.16. The risk is a short squeeze and forced covering causing a sharp spike, so keep position size under control. If large spot orders turn into consecutive net inflows and the price climbs back above 0.19, the story changes, and I’ll flip long immediately.
#marscoin $MARSCOIN
Yes, the spot leverage long-short ratio has piled up to 444x, and every bottom-fishing position is borrowed money. But on the other side, large spot orders have seen net outflows for three straight hours, every one of the last 12 candles was negative, and the cumulative net outflow across the last 5 large orders reached 4.05 million. The main players are using every rebound to distribute.
In plain terms, chips are being transferred from the main holders to leveraged longs. The price has already fallen below MA20 and MA50, the four-hour chart is all red, and funding is still charging longs. In this kind of market, a rebound is not an opportunity — it is liquidity being handed to the sellers.
I’m short. A rebound to 0.19 (the MA20 resistance level) is the short entry point, and if it breaks below 0.177, look for 0.16. The risk is a short squeeze and forced covering causing a sharp spike, so keep position size under control. If large spot orders turn into consecutive net inflows and the price climbs back above 0.19, the story changes, and I’ll flip long immediately.
#marscoin $MARSCOIN
