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Looking at the current main force's capital allocation reveals how divided the market is: on the short side, there are 8.29 million U, while on the long side, only 2.62 million U. The short capital scale has forcibly eaten up more than three times the long side. This is no small matter.
Furthermore, the average price is even more heartbreaking. The bears entered at an average price of 0.1628, and now the floating profit has already exceeded 2 million U. Who would be willing to close their position easily with this gain? In contrast, the bulls entered at an average price of 0.1281 and haven't moved since; they are basically holding on at the cost line, with little safety margin.
The key level is right around 0.129, very close. Once it effectively breaks below 0.128, the existing long orders are likely to be triggered by stop-loss orders in a stampede-like manner, and the chain reaction will be unstoppable.
Smart money and whales are aligned—they are all bearish. Before a true structural reversal in the long-side funds occurs, it's better to hold off on bottom fishing. No need to rush.