Midday tracking confirmed the crowding risk suggested in the morning: $GRT fell below 0.0329 after 11:00, with a low of 0.03139; over that complete 1-hour period, it closed only at 0.03156. After that, even though it rebounded to about 0.0325, it still did not reclaim the risk level, and the strong continuation condition for 0.0367 was also not met.
In roughly the last 3 hours, the open position size dropped from 245 million to 218 million GRT, a decrease of 11.1%. Funding rate also flipped from positive to about -0.021%. Price and positioning fell in sync, indicating that the earlier newly added longs were concentrated in exiting, rather than a simple low-volume pullback.
Conclusion: the acceleration of profit-taking has already been triggered—no chasing longs. For now, watch whether 0.031 can hold; if it breaks, then 0.029 is the next focus. Reclaiming 0.0329 can only be seen as a stop-the-bleeding signal, while only a volume-backed recovery of 0.0367 would restore the view that the trend is strong.#GRT #午间跟踪 #TheGraph
In roughly the last 3 hours, the open position size dropped from 245 million to 218 million GRT, a decrease of 11.1%. Funding rate also flipped from positive to about -0.021%. Price and positioning fell in sync, indicating that the earlier newly added longs were concentrated in exiting, rather than a simple low-volume pullback.
Conclusion: the acceleration of profit-taking has already been triggered—no chasing longs. For now, watch whether 0.031 can hold; if it breaks, then 0.029 is the next focus. Reclaiming 0.0329 can only be seen as a stop-the-bleeding signal, while only a volume-backed recovery of 0.0367 would restore the view that the trend is strong.#GRT #午间跟踪 #TheGraph