Sell pressure on both sides is piling up; a price spike alone doesn’t count as a breakout.
$FIL is at 1.14, up 9.4% on the day, about 5% below the high.
Binance top-five sell/buy ratio: about 7.6; OKX: about 3.4—both leaning toward selling.
OKX long-side funding is maxed at 0.01%; HL positions are about 10.41 million, with about 3.85 million added today.
Funding maxed, heavy overhead selling, gains already given back—initially, mark this as a pullback with funding costs.
The bearish view is invalidated only if both sell/buy ratios fall back below 1.5.
#FIL盘口 #StorageSector
$FIL is at 1.14, up 9.4% on the day, about 5% below the high.
Binance top-five sell/buy ratio: about 7.6; OKX: about 3.4—both leaning toward selling.
OKX long-side funding is maxed at 0.01%; HL positions are about 10.41 million, with about 3.85 million added today.
Funding maxed, heavy overhead selling, gains already given back—initially, mark this as a pullback with funding costs.
The bearish view is invalidated only if both sell/buy ratios fall back below 1.5.
#FIL盘口 #StorageSector