The price fell 12.8% in 24 hours, yet open interest surged 39% in just 7 hours — the crash didn’t scare off longs; instead, someone used the selloff to add leverage and buy the dip. The strongest evidence is in whale positions: the whale long/short position ratio is 2.18, with longs accounting for 68.5%, and over the past 7 hours long positions have risen another 26% against the trend. Compared with the overall market account long/short ratio of only 1.03, the stances of large players and retail traders have completely diverged.
On the order book, taker sell orders are still pressuring buy orders. The last bit of aggressive selling hasn’t fully cleared, but that is exactly the liquidity the buyers need. The funding rate remains positive at 0.043%, showing longs are willing to pay to hold positions rather than flee; price has reclaimed the 15-minute MA20, and the low printed at 0.732 has been met with buying support.
Conclusion: go long. Follow the whales and accumulate in batches in the 0.73–0.76 range, with the first target to fill the gap back to 0.88; add to the position once it stabilizes above the previous high at 0.96.
Reversal conditions: if the daily close falls below 0.7272, it means the whales are catching a falling knife; cut the loss and flip short. Or, if the whale long share drops below 50% and open interest shrinks along with price, then smart money has admitted defeat and exited — long positions should be withdrawn unconditionally.
#pons $PONS
On the order book, taker sell orders are still pressuring buy orders. The last bit of aggressive selling hasn’t fully cleared, but that is exactly the liquidity the buyers need. The funding rate remains positive at 0.043%, showing longs are willing to pay to hold positions rather than flee; price has reclaimed the 15-minute MA20, and the low printed at 0.732 has been met with buying support.
Conclusion: go long. Follow the whales and accumulate in batches in the 0.73–0.76 range, with the first target to fill the gap back to 0.88; add to the position once it stabilizes above the previous high at 0.96.
Reversal conditions: if the daily close falls below 0.7272, it means the whales are catching a falling knife; cut the loss and flip short. Or, if the whale long share drops below 50% and open interest shrinks along with price, then smart money has admitted defeat and exited — long positions should be withdrawn unconditionally.
#pons $PONS
