$INJ 11:15 Just increased volume and sold hard, I’m cautiously bearish and won’t chase shorts. At 11:15 about 10.7× (about 6 million U), high ~7.73 → low ~7.451. Earlier, around 11:00 there was already about 2.9× of selling volume; from ~7.75 it weakened. Now about 7.61; from 11:30—11:45 it shrank in volume and traded sideways around ~7.58. Over the past 12 hours, positions are about -3.0%, funding/fee about +0.01%—it feels more like profit-taking and reducing positions, followed by a sell-off after the volume spike broke through. Across the whole market, accounts are long about 63%, large-holder accounts about 70%, and large-holder positions long about 69%—the long side is still crowded, but don’t team up and go short at the initial needle-low. Current spot/day is about 21M, futures about 96M, enough—don’t use daily candle percentage moves to replace this path.

To participate, first look at the structure: resistance 7.70—7.75 is still there. Only if it breaks down and holds below 7.45—7.50 should we talk about extension. If the 1-hour candle reclaims 7.82, then this volume-spike sell-off will be downgraded first.
#INJ #合约 #放量 #short-term