I just took a quick look at unusual activity in Binance futures: $BTC is ranging around 64086.5, while $ETH is trading around 1766.9. Meanwhile, $BERA has fallen 17.98% over 24 hours to 0.0935 USDT, with trading volume surging to 134 million USDT and the funding rate reaching -0.3055%. Many people see an extremely negative funding rate and instinctively try to catch the bottom and bet on a short squeeze, but a closer look at the order book does not support blindly catching a falling knife: the spot-futures basis is currently at a 1.14% discount, and the Taker buy/sell ratio is only 0.96, with aggressive selling still dominant. Meanwhile, open interest has fallen 6.0% over the past 4 hours, which is not the kind of setup where major longs are adding positions to force a squeeze. Although the 15-minute chart has temporarily stabilized and is getting a slight reprieve above EMA25, the 1-hour EMA25 remains a ceiling. I’d rather wait for a rebound to be rejected in the 0.0965–0.0980 resistance zone, then follow the trend and look for downside, with the 0.0880–0.0850 support zone in focus. If it holds above 0.1000 on the 1-hour chart with increased volume and the Taker ratio exceeds 1.05, I’d cut losses and exit decisively. #币安广场 #MarketBreakdown