$MET 24h fell 12.26%, yet within this hour the trading value expanded to 3.11 times the 24-hour hourly average. The price slid from 0.3273 to 0.3207—sell-off on heavy volume. The buy/sell aggressor ratio is only 0.761, and the sell orders are being eaten!
Open interest value is 5.0607 million yuan, down 4.01%—the longs are撤ging (pulling out). In the last 15 minutes, the buy/sell ratio has turned up to 1.719, and the price has ticked up slightly by 0.34%—someone is starting to step in. Funding rate +0.0012%; long costs aren’t too high.
Selling down alongside the drop looks more like stop-loss exits than a fresh short-entry. But whether the buy-back over the past 15 minutes can continue remains uncertain. Invalidation condition: if it breaks below the 24-hour low of 0.3103, the “catching/being the buyer” read is void. If it reclaims 0.3273 and the open interest value increases again, then it counts as truly being caught/absorbed.
#MET
Open interest value is 5.0607 million yuan, down 4.01%—the longs are撤ging (pulling out). In the last 15 minutes, the buy/sell ratio has turned up to 1.719, and the price has ticked up slightly by 0.34%—someone is starting to step in. Funding rate +0.0012%; long costs aren’t too high.
Selling down alongside the drop looks more like stop-loss exits than a fresh short-entry. But whether the buy-back over the past 15 minutes can continue remains uncertain. Invalidation condition: if it breaks below the 24-hour low of 0.3103, the “catching/being the buyer” read is void. If it reclaims 0.3273 and the open interest value increases again, then it counts as truly being caught/absorbed.
#MET
