🚨 STRK plunged 28.5% in 24H, then dropped another 8%–9% in 1H—its price briefly fell to $0.082–0.097!
But here’s what’s really strange: a large unlock is also scheduled this week, retail bearish sentiment has climbed to 1.5×, and OI is down just 0.1%–0.5% (data pending verification). Meanwhile, a whale on Hyperliquid closed $670,000 worth of long positions.
📊 What does this mean? Everyone is calling for a short, but the more crowded the shorts get, the easier it is for a single rebound candle to squeeze them. You can be right about the downtrend and still end up as fuel for a rebound by chasing at the lows.
My take: the trend is bearish, but don’t blindly chase shorts! Unlock pressure and worsening sentiment support further downside; if there’s a sharp rebound alongside crowded shorts, watch out for a bull reversal.
🎯 Do you think STRK will keep dropping toward $0.075, or bounce first and squeeze shorts? 👇
#STRK #Crypto
But here’s what’s really strange: a large unlock is also scheduled this week, retail bearish sentiment has climbed to 1.5×, and OI is down just 0.1%–0.5% (data pending verification). Meanwhile, a whale on Hyperliquid closed $670,000 worth of long positions.
📊 What does this mean? Everyone is calling for a short, but the more crowded the shorts get, the easier it is for a single rebound candle to squeeze them. You can be right about the downtrend and still end up as fuel for a rebound by chasing at the lows.
My take: the trend is bearish, but don’t blindly chase shorts! Unlock pressure and worsening sentiment support further downside; if there’s a sharp rebound alongside crowded shorts, watch out for a bull reversal.
🎯 Do you think STRK will keep dropping toward $0.075, or bounce first and squeeze shorts? 👇
#STRK #Crypto