$LSK from 0.866 to 0.437—exceeding the drawdown of a half cut. In the futures market, the long side has been completely wiped out. This crash isn’t just a simple pullback; it’s a textbook multi-kill liquidation cascade: highly leveraged longs are liquidated and force-sold, sell orders smash through liquidity, triggering the second round of clearing, and the loop continues until the price is driven straight to the bottom.
Now, the rebound around 0.48 hasn’t even managed to recover one-third of the preceding drop. The strength is pathetic. From 0.6 to 0.86, it’s all retail trapped-chasing capital—every rebound faces sell pressure from the de-locking positions. The main force already used the high-volume spike at the top to unload; what’s left is a vacuum zone.
On the order book, the rebound volume is shrinking continuously—there’s simply no fresh capital willing to step in at this level. A rebound without buy-side support is essentially delivering ammunition to the shorts. Go short directly at 0.48–0.50, set stop-loss above 0.58. First target 0.38; if it breaks down, look for 0.30. Bias is bearish—hold your position steady.
Now, the rebound around 0.48 hasn’t even managed to recover one-third of the preceding drop. The strength is pathetic. From 0.6 to 0.86, it’s all retail trapped-chasing capital—every rebound faces sell pressure from the de-locking positions. The main force already used the high-volume spike at the top to unload; what’s left is a vacuum zone.
On the order book, the rebound volume is shrinking continuously—there’s simply no fresh capital willing to step in at this level. A rebound without buy-side support is essentially delivering ammunition to the shorts. Go short directly at 0.48–0.50, set stop-loss above 0.58. First target 0.38; if it breaks down, look for 0.30. Bias is bearish—hold your position steady.
