The main long holders of $AGT are pulling out—the market action makes it pretty clear.
Yesterday, the daily candle surged from 0.0247 to 0.0754, more than tripling, with 577 million U in volume. At 8 a.m. today, it pushed up to 0.08299 again, then headed steadily down. It’s now around 0.066.
I broke down the futures data, and three things line up:
First, open interest is falling. The value of futures open interest was 45.07 million U at 2 p.m., but by 7 p.m. it was down to 38.74 million U—a drop of over 6 million U in five hours. Price is falling and open interest is falling too. That means long positions are exiting, not shorts driving the price down.
Second, the big players haven’t finished exiting. The top traders’ long-to-short ratio is 1.40, and the funding rate is +0.028%, meaning longs are still paying shorts. More than 70% of retail accounts are short, but the really big positions are still on the long side, so there’s more room for them to exit.
Third, each rebound is weaker than the last. The high was 0.0810 at 1 p.m., 0.0790 at 3 p.m., and just 0.0748 at 6 p.m. The highs keep getting lower.
0.0630 is today’s low. If it breaks below that, I’m looking at 0.053 next—half of this rally’s gains. 0.0748 is the level to watch; if price gets back above it, I’m out.
Do you think AGT is waiting for a second wave, or has the tide already started to turn? Share your reasoning.
#AGT #合约数据 #Altcoins
Yesterday, the daily candle surged from 0.0247 to 0.0754, more than tripling, with 577 million U in volume. At 8 a.m. today, it pushed up to 0.08299 again, then headed steadily down. It’s now around 0.066.
I broke down the futures data, and three things line up:
First, open interest is falling. The value of futures open interest was 45.07 million U at 2 p.m., but by 7 p.m. it was down to 38.74 million U—a drop of over 6 million U in five hours. Price is falling and open interest is falling too. That means long positions are exiting, not shorts driving the price down.
Second, the big players haven’t finished exiting. The top traders’ long-to-short ratio is 1.40, and the funding rate is +0.028%, meaning longs are still paying shorts. More than 70% of retail accounts are short, but the really big positions are still on the long side, so there’s more room for them to exit.
Third, each rebound is weaker than the last. The high was 0.0810 at 1 p.m., 0.0790 at 3 p.m., and just 0.0748 at 6 p.m. The highs keep getting lower.
0.0630 is today’s low. If it breaks below that, I’m looking at 0.053 next—half of this rally’s gains. 0.0748 is the level to watch; if price gets back above it, I’m out.
Do you think AGT is waiting for a second wave, or has the tide already started to turn? Share your reasoning.
#AGT #合约数据 #Altcoins
