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Looking at the AUCTION market trend, it’s indeed quite interesting. Since reaching a peak on the 7th, there have been two consecutive days of sharp declines. Although there was a rebound today, it failed to return to the previous high, and then it dropped again.
Data more clearly indicates the issue—funding rates have turned negative, which usually suggests that market bullish enthusiasm is cooling down. Combining the trend, this rally has approached nearly 50%, lasting about two weeks. From a technical perspective, there are already typical top signals: the high point has not been broken, continuous decline, and the rate turning negative.
These signals stacked together suggest a high probability of further decline. If you’re interested in shorting opportunities, this current position is worth paying close attention to.
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It's the same story again: highs can't be broken, funds are fleeing. This AUCTION feels really doomed this time.
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A 50% increase was wiped out in just two weeks—classic chopping of the leeks rhythm.
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Negative fee rates don't lie; everyone long is rushing out.
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Wait a bit before bottom fishing; this wave hasn't fully bottomed out yet.
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Even rebounds can't push back up, indicating that those bottom fishing don't really believe the price will rise afterward.
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Is now the bear opportunity? Be careful; such times often reverse and trap you.
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Two days of continuous plunge, claiming it will keep going down—sounds a bit hasty.
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Negative funding rates are quite eye-catching; it's indeed a warning sign.
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The rhythm of AUCTION is really terrible now. Thinking of hitting the top after a 50% increase? That's a bit naive, isn't it?
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Here we go again. Every time, you say the high hasn't broken through and it's the top. I just want to ask, are you shorting or not?
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Don't take negative fee rates too seriously. The big players love to shake people like this.
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A 50% rise in two weeks and then you start calling for a short? Do you have to be so eager to catch the bottom, brother?
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Speaking of which, why do I still feel a bit hesitant to short when I see this standard top signal...
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I feel the most dangerous moment is actually the day after the fee rate turns negative. Just waiting to see what happens.
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Relying on fee rates to judge the market? That's too naive. Institutions are actually doing the opposite of what you guys are thinking.
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No more words. I'll wait for a clear signal before acting. Too many false breakouts.
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Continuous decline + negative fee rate... It really doesn't look good, but isn't that the signal to catch the bottom?
Repeated attempts to push higher haven't broken through. Those going long should indeed be more cautious; the probability strategy indicates that a short opportunity has indeed formed.
But to be honest, the chives chasing the high are probably still waiting for a rebound. This is likely part of the risk release process.
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A 50% increase in two weeks, this pace... a bit too fast.
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Once again, it drops without breaking new highs, old routine.
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When negative rates appear, you have to be cautious; everyone long is running.
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Not breaking the key high is critical; the chances of further decline are indeed high.
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This rebound is just a fake fall, no suspense at all.
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Funding rates speak volumes; the bullish sentiment has already cooled down.
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A 50% increase in two weeks followed by weakening? Definitely a sign of a correction.
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Continuous decline combined with negative rates, this signal combination is too obvious.
This time, AUCTION is indeed a bit particular; a 50% increase in two weeks has started to reveal itself.
If it can't break the high point, it's basically saying goodbye; the rebounds are just gifts.
With the funding rate turning negative, all the longs have run away. What are you waiting for?
A typical altcoin routine: rapid rise and quick fall. The time to be bearish has arrived.
Continuous decline + negative fee rate, who can withstand this combo?
Going short now? Seems like the odds are pretty good.
The top characteristics of this wave are too obvious. Not being bearish would be a bit unprofessional.