The short selling trend of $NIGHT is still continuing, very similar to the waterfall rhythm of $LIGHT last night, both driven by the hype of trading competitions. After reaching the peak, when the funds withdrew, it collapsed.

It started dumping after previously reaching 0.11924, and the 15-minute and 1-hour moving averages were already broken. Now even small-level rebounds can't return to the short-term moving averages, and the bearish pattern hasn't eased. The funding side is more direct, with large investors skewed towards short positions; net selling hasn't stopped, and the contract open interest is falling with the price, clearly indicating that the main players are exiting, with no new funds taking over.

This kind of coin is like this: concentrated whales, driven by hype, rising sharply and then falling even harder. Don't be fooled by small rebounds. Now short positions can continue to be held.

NIGHTUSDT

Perp

0.10094

-2.80%