What does it mean when the 4-hour RSI crashes to 16.6? That’s practically the physical limit of a one-sided capitulation market.
But the most unusual thing on the chart isn’t the indicator—it’s positioning: prices keep falling, while open interest continues to rise against the trend.
If this were simply a liquidation cascade of long positions, open interest should have plunged by now. Instead, it’s rising, which suggests that all the panic selling triggered by the drop is being systematically absorbed at the bottom.
With sentiment pushed to this extreme, selling pressure to the downside has run out of steam. Shorting here means providing liquidity to buyers. Building a spot position in stages to bet on a mean reversion offers far better odds than blindly cutting losses.
#以太坊突破2500USDT #APR $APR
#MAGIC $MAGIC
👇
But the most unusual thing on the chart isn’t the indicator—it’s positioning: prices keep falling, while open interest continues to rise against the trend.
If this were simply a liquidation cascade of long positions, open interest should have plunged by now. Instead, it’s rising, which suggests that all the panic selling triggered by the drop is being systematically absorbed at the bottom.
With sentiment pushed to this extreme, selling pressure to the downside has run out of steam. Shorting here means providing liquidity to buyers. Building a spot position in stages to bet on a mean reversion offers far better odds than blindly cutting losses.
#以太坊突破2500USDT #APR $APR
#MAGIC $MAGIC
👇