$ZEN Late at night, another round of long-liquidation performances is underway. In a 15-minute dip, it’s down 1.2%—not exactly brutal—but contract open interest is getting drained: OI fell by 1.58%, and the notional shrank by 328K in one go. Aggressive sell pressure is clearly in the lead; the buy-side is being repeatedly pinned to the ground and ground down.
Take a snapshot: this abnormal percentile has already climbed to 96.2%, ranking 5th in the entire pool. Short-term capital continuity has been pretty savage—there may be a second wave of deleveraging waiting too. On the 1-hour scale, positions have slightly flowed back, but the volume is very small; for now, it’s only a brief interlude.
Even though the price hasn’t fallen off the edge of the sky, the direction of sentiment and capital loosening is already obvious. Don’t rush to catch it. Watch and wait is the main stance—pushing hard could easily get you hit.
#ZEN #合约观察 #Deleveraging in progress
Take a snapshot: this abnormal percentile has already climbed to 96.2%, ranking 5th in the entire pool. Short-term capital continuity has been pretty savage—there may be a second wave of deleveraging waiting too. On the 1-hour scale, positions have slightly flowed back, but the volume is very small; for now, it’s only a brief interlude.
Even though the price hasn’t fallen off the edge of the sky, the direction of sentiment and capital loosening is already obvious. Don’t rush to catch it. Watch and wait is the main stance—pushing hard could easily get you hit.
#ZEN #合约观察 #Deleveraging in progress