【$CRV Signal】Short Position Price drops with stable open interest, beware of main players distributing
$CRV Price drops but open interest remains stable. Combined with persistent negative Taker buy volume and order book sell-side accumulation, this is not simply a long squeeze but more likely an orderly distribution by the main players before a key resistance.
🎯 Direction: Short
Market logic: Price retraced from the high of 0.264, but open interest stayed steady, with no sudden drop caused by a squeeze. The key indicator is the continuous negative Taker buy volume, and the 4H K-line buy/sell ratio repeatedly below 0.5, indicating dominant selling pressure. The order book shows significantly more ask orders (sell) than bid orders (buy) in the 0.256-0.266 range, forming an overhead resistance wall. This combination of “price falling with stable volume + active selling” is a typical sign of distribution rather than a healthy correction. Do not go long until the price effectively recovers above 0.264 and Taker buy volume turns positive.
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【$CRV Signal】Short Position Price drops with stable open interest, beware of main players distributing
$CRV Price drops but open interest remains stable. Combined with persistent negative Taker buy volume and order book sell-side accumulation, this is not simply a long squeeze but more likely an orderly distribution by the main players before a key resistance.
🎯 Direction: Short
Market logic: Price retraced from the high of 0.264, but open interest stayed steady, with no sudden drop caused by a squeeze. The key indicator is the continuous negative Taker buy volume, and the 4H K-line buy/sell ratio repeatedly below 0.5, indicating dominant selling pressure. The order book shows significantly more ask orders (sell) than bid orders (buy) in the 0.256-0.266 range, forming an overhead resistance wall. This combination of “price falling with stable volume + active selling” is a typical sign of distribution rather than a healthy correction. Do not go long until the price effectively recovers above 0.264 and Taker buy volume turns positive.
Trade here 👇 $CRV
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