$USELESS 📉 The crash is showing no signs of slowing down!
Open interest has fallen sharply from around $140M to $90M, highlighting heavy deleveraging as the sell-off continues.
Meme coins often follow the same pattern: a rapid pump to attract momentum, followed by aggressive distribution and prolonged downside.
At around $0.03, $USELESS could potentially face another major decline if selling pressure persists. Current levels still look heavily overextended from the top.
📉 Bearish structure remains intact. Manage risk and don’t catch the falling knife. NFA.$USELESS
#AnthropicCEOCallsForAISlowdown #BitcoinThirdSingleBlockReorgInFourWeeks #WhiteHouseRejectsAISlowdownCalls #WhiteHouseRejectsAISlowdownCalls
Open interest has fallen sharply from around $140M to $90M, highlighting heavy deleveraging as the sell-off continues.
Meme coins often follow the same pattern: a rapid pump to attract momentum, followed by aggressive distribution and prolonged downside.
At around $0.03, $USELESS could potentially face another major decline if selling pressure persists. Current levels still look heavily overextended from the top.
📉 Bearish structure remains intact. Manage risk and don’t catch the falling knife. NFA.$USELESS
#AnthropicCEOCallsForAISlowdown #BitcoinThirdSingleBlockReorgInFourWeeks #WhiteHouseRejectsAISlowdownCalls #WhiteHouseRejectsAISlowdownCalls
