After $牛 broke below 0.0778, there was no typical wave of liquidations. Spot was around 0.07678, down 7.54% over 24 hours, with trading volume of about $6.96 million; perpetuals were around 0.07676, with trading volume of about $27.62 million. Open interest fell by just 0.05%, while the funding rate remained around 0.005%.
Spot and perpetual prices weakened in tandem, but perpetual trading volume was nearly four times spot volume, and positions showed no significant exit. This suggests that risk has not been “fully flushed out”; rather, existing longs and shorts are still battling at low levels. The long/short account ratio was about 1.12. Price was below the 1-hour EMA20/50 at approximately 0.07844/0.08061, and the 4-hour chart also remained weak.
Today, first watch whether 0.0751 holds. Only a hold followed by a reclaim of 0.0785 would signal a short-term bottom; a sustained move above 0.0806 would be needed to talk about a structural recovery. If the 1-hour candle closes below 0.0751, watch 0.0725. For now, wait for confirmation—don't chase a rebound. #牛来 #迷因币 #RiskWatch
Spot and perpetual prices weakened in tandem, but perpetual trading volume was nearly four times spot volume, and positions showed no significant exit. This suggests that risk has not been “fully flushed out”; rather, existing longs and shorts are still battling at low levels. The long/short account ratio was about 1.12. Price was below the 1-hour EMA20/50 at approximately 0.07844/0.08061, and the 4-hour chart also remained weak.
Today, first watch whether 0.0751 holds. Only a hold followed by a reclaim of 0.0785 would signal a short-term bottom; a sustained move above 0.0806 would be needed to talk about a structural recovery. If the 1-hour candle closes below 0.0751, watch 0.0725. For now, wait for confirmation—don't chase a rebound. #牛来 #迷因币 #RiskWatch