$SIREN The dealer has basically withdrawn, leaving only a small amount of funds for maintenance.
The whale's position has remained at 4.7M since yesterday, showing no significant change, but the long-short ratio has dropped to 15%, indicating that the main long positions have almost been cleared. A net sell of 320,000 U in 30 minutes, with a net buy of only 79,000, still flowing out.
The average cost for profitable whales is 1.109, and currently at 0.84, it is approaching their cost line, with profits shrinking from 1.31 million to only a thin profit. If it continues to drop, this group may also not be able to withstand the stop loss.
Next trend:
In the short term, it is highly likely to oscillate between 0.75-1.0, as the main force has lost interest in pulling up the price.
There may be a small rebound to 0.9-1.0, but that is an opportunity to flee, not a reversal.
If it breaks below 0.75, the downward space opens up, potentially going to 0.5-0.6.
Operation advice: Those who are trapped should wait for a rebound to reduce their positions, do not average down. Those with no positions should not try to catch the bottom, as the main force is not present at this level, and there is no support, the risk is very high.
{future}(SIRENUSDT)