$SPCX Now don’t just look at the K-line. Positions and trading intent can explain the situation better.

On the 15m chart, price is -0.09%, while open interest is +0.19%. The current action looks more like “low-volume consolidation”: both price and positioning are capped within the threshold, indicating there isn’t a clear direction yet.

Aggressive buying accounts for 39.6%, and sell pressure is more willing to actively match orders. The long-to-short ratio is 2.15, with sentiment leaning more bullish. Next, we need to watch whether the funding rate will heat up.

As the market is still grinding, don’t focus too much on up or down—wait for a real breakout with a significant increase in volume.