$MRVL wiped out 9 points in a single day, pushed it down to 206.6, but when you check funding rates, they’re still positive at 0.000085. The long side’s positioning hasn’t really been unwound. With a trading volume of 1.7 billion yuan paired with only 188,000 positions, this doesn’t look like retail panic selling—it looks more like active de-risking. Semiconductors are already caught in a two-sided squeeze from both tariffs and geopolitics. Last night, Trump also said he would further tighten chip exports; high-volatility names were hit first. $MRVL took the hardest beating. Put simply, the earlier floating positions were stacked too thick.
On the order book, the sell wall above 210 pins it down firmly, while buy orders underneath are sparse—classic inability to prop it up. Last time was the same kind of slow, grinding drop. After that, it was only after another wash of 4% that the market saw a pullback fill. Funding is still positive, meaning the longs are still hard-holding. The longer they hold, the more catastrophic the eventual breakdown—once it breaks, it turns into a chain reaction explosion, and the speed is very fast.
I’m currently on the sidelines with no position, and overall the bias is bearish. The trading plan is simple: if the rebound reaches around 208 and can’t hold, I’ll short it directly, using 2–3x leverage.
Trading tag: #TradFi #链上美股 #MRVL
Geopolitical risks are escalating—MRVL, how are you trading it?
On the order book, the sell wall above 210 pins it down firmly, while buy orders underneath are sparse—classic inability to prop it up. Last time was the same kind of slow, grinding drop. After that, it was only after another wash of 4% that the market saw a pullback fill. Funding is still positive, meaning the longs are still hard-holding. The longer they hold, the more catastrophic the eventual breakdown—once it breaks, it turns into a chain reaction explosion, and the speed is very fast.
I’m currently on the sidelines with no position, and overall the bias is bearish. The trading plan is simple: if the rebound reaches around 208 and can’t hold, I’ll short it directly, using 2–3x leverage.
Trading tag: #TradFi #链上美股 #MRVL
Geopolitical risks are escalating—MRVL, how are you trading it?