AKE 4-hour plunge: -17.8%—it fell from 0.0216 all the way back to 0.0158. The current price is stuck under the moving averages by 20%. But with contract positions, holding for just one day actually increased by 14.9%. After such a brutal drop, leverage didn’t retreat—it even pushed further. Either shorts are adding more as price falls, or someone is catching the knife. The data points to the former.
The order book is the most direct signal: on the spot market, there are 184k sell orders stacked across the top 20 levels, while buy orders have dropped to only 64k—three times the sell pressure. In actively matched trades, sells account for 51.5%. Above 0.02 sits the “two moving averages” ceiling—every rebound has to chew through this wall of sell orders first.
Whales aren’t standing on the long side either: the long position share has slipped to 37.7%, and it’s still decreasing over the past 7 hours. Yet the number of accounts is increasing—new accounts are pushing in the direction of shorts. Fees have flipped too: across 8 intervals, 5 are positive. Longs have started paying to hold the line—exactly the opposite of the last round’s tape, where shorts covered and pushed the price up.
I’m short. Enter directly at 0.0158–0.016. First target: 0.0133, the 24-hour low. If it breaks down further, watch for 0.0113. If volume surges and it reclaims 0.02, fees turn negative, and OI keeps rising—that would be a squeeze start. In that case, I won’t hard-hold shorts; I’ll exit.
#ake $AKE
The order book is the most direct signal: on the spot market, there are 184k sell orders stacked across the top 20 levels, while buy orders have dropped to only 64k—three times the sell pressure. In actively matched trades, sells account for 51.5%. Above 0.02 sits the “two moving averages” ceiling—every rebound has to chew through this wall of sell orders first.
Whales aren’t standing on the long side either: the long position share has slipped to 37.7%, and it’s still decreasing over the past 7 hours. Yet the number of accounts is increasing—new accounts are pushing in the direction of shorts. Fees have flipped too: across 8 intervals, 5 are positive. Longs have started paying to hold the line—exactly the opposite of the last round’s tape, where shorts covered and pushed the price up.
I’m short. Enter directly at 0.0158–0.016. First target: 0.0133, the 24-hour low. If it breaks down further, watch for 0.0113. If volume surges and it reclaims 0.02, fees turn negative, and OI keeps rising—that would be a squeeze start. In that case, I won’t hard-hold shorts; I’ll exit.
#ake $AKE
