$COHR is taking quite a hit. Down 8.9% in 24 hours, the price plummeted to 351.3. I was even thinking about adding to my position last night, but this morning when I checked my P&L, that negative sign almost made me drop my keyboard. Trading volume is at 1.7 million, not explosive, but with this drop and an open interest just over a thousand, it clearly doesn't look like large funds are hammering it down; more like a long squeeze and liquidation. The funding rate is still hanging at 0.0084%, positive, meaning the long holders are still adding margin, and with this kind of drop, those positive rates are prone to trigger a series of liquidations—longs can get stomped hard.
The semiconductor/AI sector has been pretty volatile lately. After that spike at the end of January, the entire sector seems to have lost its soul, with order expectations and tariff ghost stories pulling it back and forth. $COHR , as the leader in lasers, tied to TSMC's advanced packaging expansion concept, was recently treated as an AI play by the market, but now it’s evident the equipment rollout isn't as quick as anticipated; expectations are getting reevaluated, and valuations are taking a hit. I checked the on-chain wallet distribution, and while the concentration in the top addresses isn’t extreme, smaller addresses have been reducing their positions lately, while larger addresses remain steady. Interestingly, the main selling force might be a batch of high-leverage mid-term positions getting cleared out, not a base investor bailing. The last time we saw a similar funding structure was in early December last year, where it also dropped for a week and a half, finally consolidating for ten days before bouncing back; those who got cut in that consolidation are still regretting it.
My logic is straightforward: if this coin breaks below 340 and the funding rate doesn't decrease but rather increases, it’s basically the same old script of longs holding on while shorts keep coming. I would decisively cut losses and not hold my position, waiting for a volume surge and a bullish reversal back in the 330-340 range to consider re-entering. Conversely, if we stabilize around 345 with decreasing volume and the funding rate dips below 0.005%, then I might believe it's the end of the washout and cautiously test a rebound with a light position. Right now, the market sentiment is bearish, with calls for $COHR to crash back to 300, which makes me skeptical; this setup feels too light, and if the big players were truly leaving, they wouldn’t need to do it with such low volume—it’s more likely they’re toying with retail. I’ve reduced my position to 20%, not pushing hard anymore and keeping a base position to watch.
Last time I got stuck adding to my position at the top and couldn’t get out was after that rally in February, and it’s frustrating being slowly bled out like this. In this game, it’s not about who makes the fastest gains, but who can afford to take the losses.
Trading tags: #BinanceFutures #TradFi #USDⓈM #COHR #COHRUSDT $COHR
The semiconductor/AI sector has been pretty volatile lately. After that spike at the end of January, the entire sector seems to have lost its soul, with order expectations and tariff ghost stories pulling it back and forth. $COHR , as the leader in lasers, tied to TSMC's advanced packaging expansion concept, was recently treated as an AI play by the market, but now it’s evident the equipment rollout isn't as quick as anticipated; expectations are getting reevaluated, and valuations are taking a hit. I checked the on-chain wallet distribution, and while the concentration in the top addresses isn’t extreme, smaller addresses have been reducing their positions lately, while larger addresses remain steady. Interestingly, the main selling force might be a batch of high-leverage mid-term positions getting cleared out, not a base investor bailing. The last time we saw a similar funding structure was in early December last year, where it also dropped for a week and a half, finally consolidating for ten days before bouncing back; those who got cut in that consolidation are still regretting it.
My logic is straightforward: if this coin breaks below 340 and the funding rate doesn't decrease but rather increases, it’s basically the same old script of longs holding on while shorts keep coming. I would decisively cut losses and not hold my position, waiting for a volume surge and a bullish reversal back in the 330-340 range to consider re-entering. Conversely, if we stabilize around 345 with decreasing volume and the funding rate dips below 0.005%, then I might believe it's the end of the washout and cautiously test a rebound with a light position. Right now, the market sentiment is bearish, with calls for $COHR to crash back to 300, which makes me skeptical; this setup feels too light, and if the big players were truly leaving, they wouldn’t need to do it with such low volume—it’s more likely they’re toying with retail. I’ve reduced my position to 20%, not pushing hard anymore and keeping a base position to watch.
Last time I got stuck adding to my position at the top and couldn’t get out was after that rally in February, and it’s frustrating being slowly bled out like this. In this game, it’s not about who makes the fastest gains, but who can afford to take the losses.
Trading tags: #BinanceFutures #TradFi #USDⓈM #COHR #COHRUSDT $COHR