Today is the unlock day for $JCT . Based on the release rules announced by the project, an estimated 1.23 billion tokens will enter linear release, accounting for 2.46% of the total supply, or roughly one-tenth of the current circulating supply.
Prices were still above 0.0105 in the early hours, and even touched 0.011768 at three o’clock. The real sell-off began at 9:15: over 15 minutes, the price plunged from 0.010768 to 0.009003, a 16.4% drop, on 10.69 million U in volume, compared with just 1.19 million U in the previous candle. Hourly volume at 9:00 was 33.92 million U, nearly five times the 6.97 million U at 8:00. The rebound only reached 0.009944; prices continued downward at 10:00 and 11:00, breaking below 0.008001 and hitting a low of 0.0079. The current price is around 0.00802, down more than 20% from the early-session level of 0.0106.
Open interest only fell from 4.462 billion contracts at 10:00 to 4.414 billion, meaning almost no positions were closed; but its value plunged from 42.97 million U to 35.82 million U. The share of long accounts rose from 37% to 40%. The funding rate was +0.176% at 8:00 and is still +0.050% now.
I’m bearish. Resistance is at 0.00966–0.00994; I’ll exit if the price moves above 0.00994. If it breaks below 0.0079, I’ll stay short.
Do you think the selling pressure from this unlock is over?
#JCT #解锁 #合约 #Market
Prices were still above 0.0105 in the early hours, and even touched 0.011768 at three o’clock. The real sell-off began at 9:15: over 15 minutes, the price plunged from 0.010768 to 0.009003, a 16.4% drop, on 10.69 million U in volume, compared with just 1.19 million U in the previous candle. Hourly volume at 9:00 was 33.92 million U, nearly five times the 6.97 million U at 8:00. The rebound only reached 0.009944; prices continued downward at 10:00 and 11:00, breaking below 0.008001 and hitting a low of 0.0079. The current price is around 0.00802, down more than 20% from the early-session level of 0.0106.
Open interest only fell from 4.462 billion contracts at 10:00 to 4.414 billion, meaning almost no positions were closed; but its value plunged from 42.97 million U to 35.82 million U. The share of long accounts rose from 37% to 40%. The funding rate was +0.176% at 8:00 and is still +0.050% now.
I’m bearish. Resistance is at 0.00966–0.00994; I’ll exit if the price moves above 0.00994. If it breaks below 0.0079, I’ll stay short.
Do you think the selling pressure from this unlock is over?
#JCT #解锁 #合约 #Market
