$CVC Funding rate hits -0.8148%, annualized cost compressed to -890% at this level, but the price only drops 17.8%—the shorts are getting charged so much their hands are full, which means the positions are all shorts hard-holding. This isn’t a “panic sell-off,” it’s “shorts trampling each other.”
A trading volume of 3.37 billion is stacked in the 0.030–0.039 range. Below, 0.03002 is the intraday real support; if it breaks, it will be real vacuum. Resistance is at 0.0355, the high point of this bounce. If it can’t get through, it’s another leg down.
Watch points: whether the pattern can complete and then regain 0.03400 that day. If it doesn’t reclaim it, the 0.027 line opens up.
$CVC
#CVC
A trading volume of 3.37 billion is stacked in the 0.030–0.039 range. Below, 0.03002 is the intraday real support; if it breaks, it will be real vacuum. Resistance is at 0.0355, the high point of this bounce. If it can’t get through, it’s another leg down.
Watch points: whether the pattern can complete and then regain 0.03400 that day. If it doesn’t reclaim it, the 0.027 line opens up.
$CVC
#CVC