FIL plunged from 1.21 back to 1.12. The strangest thing about the market wasn’t the drop itself, but that open interest barely budged.
The long/short account ratio hit 2.21, with nearly 70% of accounts stubbornly holding on to their long positions. The traders who chased the price higher barely sold— they’ve now become trapped holders overnight.
Don’t mistake this stubbornness for bullish conviction. For big players to push the price higher, they’d have to bail out those 70% of retail traders. But a sharp drop could trigger a cascade of liquidations, unleashing a flood of loss-making positions. If you were in their shoes, which way would you push the market?
There’s resistance from trapped traders above, and plenty of stop-loss liquidity below. Jumping in to go long here is basically acting as a human shield for the bears.
#以太坊ETF连续9日净流出 #FIL $FIL
#LUMIA $LUMIA
👇
The long/short account ratio hit 2.21, with nearly 70% of accounts stubbornly holding on to their long positions. The traders who chased the price higher barely sold— they’ve now become trapped holders overnight.
Don’t mistake this stubbornness for bullish conviction. For big players to push the price higher, they’d have to bail out those 70% of retail traders. But a sharp drop could trigger a cascade of liquidations, unleashing a flood of loss-making positions. If you were in their shoes, which way would you push the market?
There’s resistance from trapped traders above, and plenty of stop-loss liquidity below. Jumping in to go long here is basically acting as a human shield for the bears.
#以太坊ETF连续9日净流出 #FIL $FIL
#LUMIA $LUMIA
👇