The 20-day lower boundary at 0.8706 was decisively breached. I’m paying less attention to this level, $BTW .
The current price is 0.7953, down 19.185% in 24 hours and a real 36.40% over seven days.
Honestly, at first glance I thought it was just a wick. It took checking three daily candles before I believed it wasn’t.
Shorts are adding to their positions.
Open contracts increased by 5.44% in a single day, while notional value rose by 5.67% at the same time. That means new positions are being opened, not just liquidated involuntarily.
The funding rate is -0.2089%. Shorts have already started paying to hold their positions—an extreme reading in crypto.
Only 47.11% of accounts are long. Retail traders have already switched sides; those who remain are all crowded in the same direction.
Average daily volatility is 28.2%. It can swing back and forth twice in a day, so tight stop-losses are just giving money away.
It’s like that pot downstairs: the water has boiled dry, but the heat is still on. Sooner or later, the bottom of the pot will turn red.
The market is thin and positions change hands quickly. It’s easy to push the price up, but it can fall even faster.
I’m not buying here, and I’m not chasing shorts either.
I’ll wait and watch.
$BTC fell 6.565%, $ETH fell 5.737%, and this one fell three times as much on the same day. That’s not just bad luck.
There’s little buying support. Liquidity and new money have both moved to the major coins. I’d rather wait for it to get back above the lower boundary on its own.
What do you all think of this rate reversal? Let’s discuss in the comments.
#BTW #比特币 #Cryptocurrency
The above is a record of my personal trading system and observations of the data. It does not constitute investment advice.
The current price is 0.7953, down 19.185% in 24 hours and a real 36.40% over seven days.
Honestly, at first glance I thought it was just a wick. It took checking three daily candles before I believed it wasn’t.
Shorts are adding to their positions.
Open contracts increased by 5.44% in a single day, while notional value rose by 5.67% at the same time. That means new positions are being opened, not just liquidated involuntarily.
The funding rate is -0.2089%. Shorts have already started paying to hold their positions—an extreme reading in crypto.
Only 47.11% of accounts are long. Retail traders have already switched sides; those who remain are all crowded in the same direction.
Average daily volatility is 28.2%. It can swing back and forth twice in a day, so tight stop-losses are just giving money away.
It’s like that pot downstairs: the water has boiled dry, but the heat is still on. Sooner or later, the bottom of the pot will turn red.
The market is thin and positions change hands quickly. It’s easy to push the price up, but it can fall even faster.
I’m not buying here, and I’m not chasing shorts either.
I’ll wait and watch.
$BTC fell 6.565%, $ETH fell 5.737%, and this one fell three times as much on the same day. That’s not just bad luck.
There’s little buying support. Liquidity and new money have both moved to the major coins. I’d rather wait for it to get back above the lower boundary on its own.
What do you all think of this rate reversal? Let’s discuss in the comments.
#BTW #比特币 #Cryptocurrency
The above is a record of my personal trading system and observations of the data. It does not constitute investment advice.
