#数字资产市场动态 $VANRY's recent performance is quite interesting—there was a 16.61% drop in a single day, accompanied by high volume selling. What does this kind of movement usually indicate?
Looking at the details of the market, trading volume surged to 19.06 million, and open interest also reached a high of 229 million. When these data points are combined, it generally signals that the main force behind the decline is either distributing holdings or that the bulls are being liquidated. The price has already broken through several psychological levels and currently lacks strong buying support. Even if there is a rebound on the lower timeframes, it seems unlikely to hold steady and is often quickly absorbed back.
From a structural perspective, this wave of market action leans towards a bearish pattern. There is a good chance that the price will move into a lower liquidity zone.
**Trading idea (for reference only):** Short position | Entry zone 0.0090-0.0092 | Stop loss 0.0096 | First target 0.0082 | Second target 0.0075
The market always tells a story through price action. This time, the story of VANRY is still pointing downward for now.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
4 Likes
Reward
4
4
Repost
Share
Comment
0/400
RegenRestorer
· 10h ago
It's the same old trick again—massive sell-offs pushing prices down... However, this time the data is indeed quite fierce. With a 229 million position pile-up and such a heavy dump, there's definitely something going on. The bears might really be up to something.
View OriginalReply0
MeltdownSurvivalist
· 10h ago
A surge of 16 points directly crashing down, who can withstand that... Seeing the high holding volume, you know something's going to happen.
View OriginalReply0
BitcoinDaddy
· 10h ago
Damn, another 16% drop. This pace is pretty intense... Did your holdings get wiped out a lot?
View OriginalReply0
GasFeeCryer
· 11h ago
It's the same old spiel... a 16-point drop and you want us to short and buy the dip? Forget it, forget it, let's wait for the rebound.
#数字资产市场动态 $VANRY's recent performance is quite interesting—there was a 16.61% drop in a single day, accompanied by high volume selling. What does this kind of movement usually indicate?
Looking at the details of the market, trading volume surged to 19.06 million, and open interest also reached a high of 229 million. When these data points are combined, it generally signals that the main force behind the decline is either distributing holdings or that the bulls are being liquidated. The price has already broken through several psychological levels and currently lacks strong buying support. Even if there is a rebound on the lower timeframes, it seems unlikely to hold steady and is often quickly absorbed back.
From a structural perspective, this wave of market action leans towards a bearish pattern. There is a good chance that the price will move into a lower liquidity zone.
**Trading idea (for reference only):**
Short position | Entry zone 0.0090-0.0092 | Stop loss 0.0096 | First target 0.0082 | Second target 0.0075
The market always tells a story through price action. This time, the story of VANRY is still pointing downward for now.