$BEAT started to decline 📉 how low will this go? 🤔
BEATUSDT
Perp
3.5444
-12.33%
The short-selling trend of $BEAT is significantly strengthened by the dual logic of chip exit and funding rate, making it very clear.
From the chip perspective, the number of holding addresses has rapidly decreased, indicating that the previous bulls are exiting on a large scale, which is the core signal of a trend reversal—when the main chip is no longer locked, the price lacks support, and a decline is an inevitable result.
From the funding perspective, the funding rate is deeply negative and continues to hover, consuming the short side's rate, which means that the market is dominated by short forces. Shorts need to continuously pay high rates to the bulls, and this situation of "hovering and consuming rates" further consolidates the certainty of shorting.
Technically, the 15-minute and 1-hour lines have continued to fall from a high of 4.3760, and the short-term moving averages are all declining, forming a clear bearish structure. As long as the price does not rebound and break through the key resistance of 4.2, the downward trend will continue. Currently, shorting is a prudent choice of "chips + funding + technology" in triple resonance.
From the chip perspective, the number of holding addresses has rapidly decreased, indicating that the previous bulls are exiting on a large scale, which is the core signal of a trend reversal—when the main chip is no longer locked, the price lacks support, and a decline is an inevitable result.
From the funding perspective, the funding rate is deeply negative and continues to hover, consuming the short side's rate, which means that the market is dominated by short forces. Shorts need to continuously pay high rates to the bulls, and this situation of "hovering and consuming rates" further consolidates the certainty of shorting.
Technically, the 15-minute and 1-hour lines have continued to fall from a high of 4.3760, and the short-term moving averages are all declining, forming a clear bearish structure. As long as the price does not rebound and break through the key resistance of 4.2, the downward trend will continue. Currently, shorting is a prudent choice of "chips + funding + technology" in triple resonance.
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