$CHIP sell orders are 1.7x the buy orders, but the price has hardly moved—can’t push it down after smashing for 15 minutes!
Current price 0.0418; 1 hour ago 0.04209; 24h high 0.04653, low 0.04103; 24h trading volume 10.8397 million. The trading volume in the last hour is 2.3x the 24h hourly average—volume expansion; the aggressive buy/sell ratio is 0.603, with selling pressure on the way out. Position value is 9.3312 million, down 0.28% in the last hour; as price drifts downward, positions are being withdrawn—bulls are exiting, not new short pressure arriving. Funding rate 0.005%—the longs are still paying.
With volume increasing but positions trimming, the market grinds lower—the hand smashing the order book is losing force. Only when it reclaims 0.04209 from 1 hour ago can it be considered to have steadied; if it breaks below the 24h low 0.04103, that’s it.
#CHIP order book
Current price 0.0418; 1 hour ago 0.04209; 24h high 0.04653, low 0.04103; 24h trading volume 10.8397 million. The trading volume in the last hour is 2.3x the 24h hourly average—volume expansion; the aggressive buy/sell ratio is 0.603, with selling pressure on the way out. Position value is 9.3312 million, down 0.28% in the last hour; as price drifts downward, positions are being withdrawn—bulls are exiting, not new short pressure arriving. Funding rate 0.005%—the longs are still paying.
With volume increasing but positions trimming, the market grinds lower—the hand smashing the order book is losing force. Only when it reclaims 0.04209 from 1 hour ago can it be considered to have steadied; if it breaks below the 24h low 0.04103, that’s it.
#CHIP order book
