The board shows a price of $22.8, down over 8% in a day. Market cap is $1.10B.
$VVV
Look at the whale data. They are distributing heavily. 80% sell pressure against just 13% buy pressure. The market structure is bearish.
The derivatives side is ugly. Funding rate is negative 1%. Long/short ratio sits at 0.49x. A stop-loss hunt is detected with 61% probability, targeting buy-side liquidity. The probability of a long squeeze is 47%.
My instruction for you is simple. Do not catch this falling knife. The large holders are exiting. The setup is clearly bearish. Wait for the selling to exhaust itself before even thinking about an entry.
This is market observation, not financial advice. Always do your own research.
$VVV
Look at the whale data. They are distributing heavily. 80% sell pressure against just 13% buy pressure. The market structure is bearish.
The derivatives side is ugly. Funding rate is negative 1%. Long/short ratio sits at 0.49x. A stop-loss hunt is detected with 61% probability, targeting buy-side liquidity. The probability of a long squeeze is 47%.
My instruction for you is simple. Do not catch this falling knife. The large holders are exiting. The setup is clearly bearish. Wait for the selling to exhaust itself before even thinking about an entry.
This is market observation, not financial advice. Always do your own research.