$SAND is down 4.67%. At 8 a.m. today, a single order of around 950,000 U pushed the price straight down from 0.0671 to 0.0645. It then churned between 0.0645 and 0.0655, before dipping to the daily low of 0.06365 at 11 a.m. The 0.0668–0.0685 range from last night through this morning has been lost, and every rebound is now getting pushed back before 0.0655. Gate perpetuals are at 0.06496, with 24-hour volume of around 6.6 million U—not much—and a funding rate of -0.0515% (8h). Shorts are paying a lot, so be careful chasing them in case of a squeeze. I couldn't find any clear news; this looks more like a weak market where a large-volume sell-off broke through and there was no one to buy. BTC is around 83,000, so the broader market hasn't collapsed, but SAND is weaker. Consider a small short on a rebound to 0.0655–0.0660, with a stop at 0.0668. If it breaks below 0.0636, look toward 0.062. Only stop shorting if it gets back above 0.0668.