To be honest, real accumulation often hides behind calmness. $AKE Now, looking at this chart, the more I look, the more something feels off—the open interest has steadily shrunk from the peak to now only a small fraction, yet the price is still being held up there. This kind of volume-price divergence, in any market, is a signal that things are about to go wrong. Let’s first talk about the open interest line.
In the futures market, open interest is the most honest—it's not something that can be easily lied with. Previously, that rally was accompanied by a huge amount of open interest, looking lively on the surface. In reality, it was capital shuffling positions inside, creating a fake sense of activity through back-and-forth orders. Now the open interest is rapidly contracting—what does that indicate? It indicates that the main capital had already distributed most of its chips at high levels, and what remains is retail investors taking each other’s orders as counterparties.
When volume and price diverge this far, any rebound is an opportunity for shorts to profit. Now let’s look at the pressure on the spot side. The token unlock time window is right there. You don’t need me to explain what unlocks mean—circulating supply suddenly increases, and selling pressure is real and tangible. After the futures market has already unloaded its inventory, the next step is for the spot market to hit the selloff. This rhythm has been replayed countless times in the crypto world. The price hasn’t crashed yet only because the spot selling pressure hasn’t truly been released. Once the unlocked chips start flowing into the market, the thin layer of buy orders below simply can’t hold.
Someone may ask: what if the operator pulls up the price again? My view is that a pullback requires money and coordination with open interest. But now open interest has shrunk to this level—so what would they use to push it up?
Rely on words to pull the market up? Without new incremental capital entering, any rebound is an escape wave, not a reversal. So at this point, $AKE ’s direction, in my opinion, is bearish. The capital on the futures side has already withdrawn, and pressure is still heading from the spot side. The risk-reward is clearly mismatched. As long as the short thesis hasn’t been broken, I won’t go guessing where the bottom is. The structure of the chart is laid out; just be patient and wait for the spot leg.
See the vastness by watching the mountains; observe the subtlety by watching the market.
Walking with Uncle Xiong, witnessing the gains and losses across the world.
#AKE
Click below to trade 👇
In the futures market, open interest is the most honest—it's not something that can be easily lied with. Previously, that rally was accompanied by a huge amount of open interest, looking lively on the surface. In reality, it was capital shuffling positions inside, creating a fake sense of activity through back-and-forth orders. Now the open interest is rapidly contracting—what does that indicate? It indicates that the main capital had already distributed most of its chips at high levels, and what remains is retail investors taking each other’s orders as counterparties.
When volume and price diverge this far, any rebound is an opportunity for shorts to profit. Now let’s look at the pressure on the spot side. The token unlock time window is right there. You don’t need me to explain what unlocks mean—circulating supply suddenly increases, and selling pressure is real and tangible. After the futures market has already unloaded its inventory, the next step is for the spot market to hit the selloff. This rhythm has been replayed countless times in the crypto world. The price hasn’t crashed yet only because the spot selling pressure hasn’t truly been released. Once the unlocked chips start flowing into the market, the thin layer of buy orders below simply can’t hold.
Someone may ask: what if the operator pulls up the price again? My view is that a pullback requires money and coordination with open interest. But now open interest has shrunk to this level—so what would they use to push it up?
Rely on words to pull the market up? Without new incremental capital entering, any rebound is an escape wave, not a reversal. So at this point, $AKE ’s direction, in my opinion, is bearish. The capital on the futures side has already withdrawn, and pressure is still heading from the spot side. The risk-reward is clearly mismatched. As long as the short thesis hasn’t been broken, I won’t go guessing where the bottom is. The structure of the chart is laid out; just be patient and wait for the spot leg.
See the vastness by watching the mountains; observe the subtlety by watching the market.
Walking with Uncle Xiong, witnessing the gains and losses across the world.
#AKE
Click below to trade 👇