$BANK #LorenzoProtocol $BAN @Lorenzo Protocol
The cash flow in BANK's futures market is painting a grim picture, where the so-called "stability" is just a thin veneer covering persistent selling pressure and the exhaustion of buyers. The crowd, with a faint hope for weak recoveries, may be stepping into a sophisticated trap created by the very structure of the market.
Looking at the price chart, BANKUSDT is struggling around the 0.03739 USD level, a price that has dropped over 11.21% in the past 7 days and has lost up to 58.58% of its value in 90 days. This is not a normal correction; this is a deep downward trend, eroding the confidence and capital of those clinging to the notion of a bottom. Each time the price attempts to bounce back, reaching the 0.0388 USD level, it is quickly extinguished by strong selling pressure, creating long red candles that swallow the gains of buyers.
The Cumulative Volume Delta (CVD) data of the futures market, currently at a deep negative -50.852 million USD, is the clearest evidence of power imbalance. The net cash flow from buyers is being swept away mercilessly. This indicates that while prices may fluctuate, the real momentum of the market is heavily skewed towards selling. Every matched buy order is overwhelmed by multiple sell orders, pushing prices lower in a repeating cycle. Similarly, the CVD of the spot market is also deeply submerged at -8.365 million USD, confirming that even in the real market, buyers are retreating or selling, with no strong support to absorb this pressure.
The average trading volume (Volume SMA 9) is only about 55.22 thousand USD, indicating the apathy of buyers at current price levels. Small price increases are often accompanied by low volume, signaling a lack of conviction. Conversely, downturns tend to witness large red volume bars, indicating fierce sell-offs, pushing prices down rapidly. This is a classic sign of a market being controlled by sellers, where price increases are merely "dead cat bounces" before continuing the downward journey.
Interestingly, the Funding Rate, although positive at 0.0008, creates an illusion of optimism. A positive rate indicates that the Long side is paying the Short side, a sign that a majority of the market is betting on rising prices. However, in the context of a sharply declining CVD and prices being continuously pushed down, a positive funding rate becomes a sophisticated trap. Market Makers and large institutions can use this very belief to lure in more inexperienced Long positions, then liquidate them during unexpected downturns. This is a ruthless game, where the "premium" paid by the Long side will become profit for the Short side, encouraging them to maintain or open more short positions, creating a liquidation spiral.
Open Interest (OI) is fluctuating around 108.723 million USD, with no significant growth. With a Long/Short ratio of 48.54% to 51.46%, the Short side has a slight advantage. This, combined with a positive funding rate, creates a dangerous scenario. A large amount of OI exists, and if prices continue to drop, these Long positions will become ideal targets for a chain liquidation. The stability of OI in a strong downtrend indicates that not many new positions are being opened to "catch the bottom" confidently, or that current Long positions are trying to endure, awaiting an unfounded miracle.
The Aggregated Futures Bid & Ask Delta data reinforces this picture with prominent red columns. Large negative delta columns indicate strong sell-offs directly from the market. This is not hesitation, but the proactivity of major players pushing prices down by executing market sell orders. Recently, a value of 52.787 thousand USD was just a small point in the series of strong sell actions that had occurred earlier, particularly the giant red candles in the middle of the month, indicating a clear shift in market momentum.
The current situation of BANK is a chilling reminder of the hidden systemic risks in assets with weak liquidity and shaky confidence. When there is not enough buying power to absorb selling pressure, prices will slide down like a free-falling object. This is not an Oracle fault or a network congestion in the literal sense, but a "congestion" of cash flow in, a "system error" in the supply-demand structure, crushing every recovery effort. BANK, in this context, is a textbook example of an asset struggling to regain equilibrium, caught between relentless selling pressure and the absence of new capital.
"A rising tide lifts all boats," but with BANK, the tide is receding, and the boat is stranded on the muddy banks of skepticism and liquidation. The numbers in the chart are not lifeless; they are the tombstones of uninformed investors who have ignored warning signals and bet on an unfounded future.
This is not investment advice. Please do your own research and make your own investment decisions.
