The recent surge in volume and subsequent decline has triggered an interesting phenomenon—there is a clear divergence between price and open interest (OI), which suggests that the market structure may be quietly changing.
From the perspective of open interest, the high levels have not decreased, but the price continues to decline. What does this usually mean? It’s not simply that the longs are being liquidated, but that the main players are continuously unloading at key price levels. The market logic is straightforward: buying momentum is clearly weakening, and every rebound becomes a good opportunity to short.
The current rebound to the previous support zone (~3000) has turned into resistance, making this position an ideal entry point for shorting.
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DeFiGrayling
· 9h ago
Oh no, it's the same old trick again. When OI doesn't decrease and prices fall, it's basically the big players dumping the market.
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DegenTherapist
· 9h ago
The main force's current dump is aggressive; when open interest doesn't decrease, the price drops—typical manipulation to cover and unload.
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GateUser-75ee51e7
· 9h ago
The 3000 level is indeed a bit tense; the signs of the main force dumping here are too obvious. It seems the rebound is indeed weak.
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SolidityStruggler
· 9h ago
Once again, the argument of "main force offloading"—does a price drop with decreasing open interest necessarily mean a bear market? It overlooks the possibility of contract liquidations.
The recent surge in volume and subsequent decline has triggered an interesting phenomenon—there is a clear divergence between price and open interest (OI), which suggests that the market structure may be quietly changing.
From the perspective of open interest, the high levels have not decreased, but the price continues to decline. What does this usually mean? It’s not simply that the longs are being liquidated, but that the main players are continuously unloading at key price levels. The market logic is straightforward: buying momentum is clearly weakening, and every rebound becomes a good opportunity to short.
The current rebound to the previous support zone (~3000) has turned into resistance, making this position an ideal entry point for shorting.
**Trading Ideas**:
📍 Entry Range: 2975-3000
⛔ Stop Loss: 3050 (strict adherence)
🎯 Target 1: 2900
🎯 Target 2: 2820
Price action indicates that the phenomenon of weakening rebounds will persist, and being alert to trend reversals is the key takeaway at this moment.