On-chain fund flow monitoring: $AKE short-term pressure signals are emerging in rapid succession.
AKEDO has seen a marked increase in volatility recently. Its price briefly plunged by more than 47% in a short period, while open interest (OI) climbed against the trend. This suggests the decline is not simply driven by long positions being stopped out; short sellers are continuing to enter and add to their positions, actively applying downward pressure.
Even more concerning, the ratio of OI to market cap continues to fall: newly added leverage is heavily concentrated on the short side, making the selling pressure both persistent and concentrated. If spot demand is insufficient, the price remains at risk of retesting its lows.
The current price is around $0.0022, with approximately $43.32 million in 24-hour trading volume and a market cap of about $50.04 million. Turnover is high, and the battle over positions is intense.
As for trading, neither heavily leveraged shorting nor blindly buying the dip is advisable. Short sellers should beware of a short squeeze rebound if positions become overcrowded. Long buyers should wait for OI to fall and signs that selling pressure is fading before considering entering in stages. Always use stop-losses on leveraged positions—surviving matters more than calling the market’s direction correctly.
#AKEDO #合约数据 #Cryptocurrency
AKEDO has seen a marked increase in volatility recently. Its price briefly plunged by more than 47% in a short period, while open interest (OI) climbed against the trend. This suggests the decline is not simply driven by long positions being stopped out; short sellers are continuing to enter and add to their positions, actively applying downward pressure.
Even more concerning, the ratio of OI to market cap continues to fall: newly added leverage is heavily concentrated on the short side, making the selling pressure both persistent and concentrated. If spot demand is insufficient, the price remains at risk of retesting its lows.
The current price is around $0.0022, with approximately $43.32 million in 24-hour trading volume and a market cap of about $50.04 million. Turnover is high, and the battle over positions is intense.
As for trading, neither heavily leveraged shorting nor blindly buying the dip is advisable. Short sellers should beware of a short squeeze rebound if positions become overcrowded. Long buyers should wait for OI to fall and signs that selling pressure is fading before considering entering in stages. Always use stop-losses on leveraged positions—surviving matters more than calling the market’s direction correctly.
#AKEDO #合约数据 #Cryptocurrency