#牛来 is already feeling a little disappointed. Is anyone else still buying the dip?
A lot of KOLs are saying the bull run is coming and the market needs to shake out weak hands. But after looking at the data in the backend, I’ve lost all confidence. This clearly looks like distribution. Here’s a quick analysis of the data.
1—The big players are selling like crazy: Over the past 5 days, cumulative outflows from large orders have exceeded $51 million. There have also been continuous net outflows in one direction over the past 24 hours. The big players are selling, while somehow keeping the market from collapsing right away. Is this what a shakeout looks like?
2—The leverage long/short ratio is terrifying: It has surged to an absurdly high level of 2,000–3,000, which suggests that the market is full of retail traders stubbornly holding leveraged long positions.
3—The technicals keep trending down: The moving averages on the 4-hour chart have formed a bearish cross, and price action is weak and range-bound on declining volume. The previous low of 0.077 could be tested again at any moment.
I’m feeling pretty desperate. I’m even thinking of getting out.
A lot of KOLs are saying the bull run is coming and the market needs to shake out weak hands. But after looking at the data in the backend, I’ve lost all confidence. This clearly looks like distribution. Here’s a quick analysis of the data.
1—The big players are selling like crazy: Over the past 5 days, cumulative outflows from large orders have exceeded $51 million. There have also been continuous net outflows in one direction over the past 24 hours. The big players are selling, while somehow keeping the market from collapsing right away. Is this what a shakeout looks like?
2—The leverage long/short ratio is terrifying: It has surged to an absurdly high level of 2,000–3,000, which suggests that the market is full of retail traders stubbornly holding leveraged long positions.
3—The technicals keep trending down: The moving averages on the 4-hour chart have formed a bearish cross, and price action is weak and range-bound on declining volume. The previous low of 0.077 could be tested again at any moment.
I’m feeling pretty desperate. I’m even thinking of getting out.
