$AIN I’m not bottom fishing. After 24 hours of nearly a 90% drop, even with all accounts combined, 76% are still net long; large-holder accounts are 77% net long. The most dangerous part of the market isn’t that it drops a lot—it’s that on every bounce/rebound, there are people urgently trying to call it the bottom.
01:00 In one hour, it moved from 0.02387 to close at 0.02253, with about 4.16M USDT in turnover, roughly 76% larger than the previous hour. Over the past two hours, the number of positions/contracts has increased by about 2.6%, but the USDT value has fallen from 8.32M to 7.82M. Position count is stacking up, but USDT-denominated positions aren’t recovering in sync. The 4-hour funding rate is around +0.10%; longs are still paying. Any rebound can quickly turn into a fresh exit for de-leveraging.
I only wait for 15 minutes to reclaim 0.0240. Then, with the next candle holding above 0.0235, I’ll treat it as a rebound structure; otherwise, if the rebound can’t break 0.0240, it’s still weak. If the 1-hour closes below 0.0218, the downside isn’t over yet. #AIN #InfinityGround # contract data
01:00 In one hour, it moved from 0.02387 to close at 0.02253, with about 4.16M USDT in turnover, roughly 76% larger than the previous hour. Over the past two hours, the number of positions/contracts has increased by about 2.6%, but the USDT value has fallen from 8.32M to 7.82M. Position count is stacking up, but USDT-denominated positions aren’t recovering in sync. The 4-hour funding rate is around +0.10%; longs are still paying. Any rebound can quickly turn into a fresh exit for de-leveraging.
I only wait for 15 minutes to reclaim 0.0240. Then, with the next candle holding above 0.0235, I’ll treat it as a rebound structure; otherwise, if the rebound can’t break 0.0240, it’s still weak. If the 1-hour closes below 0.0218, the downside isn’t over yet. #AIN #InfinityGround # contract data