The short-selling trend is clear. After a surge to 0.21986 following $H , there was a significant pullback. A double top pattern has formed on the hourly level, and the high funding rates paid by bulls to bears indicate a reversal in market sentiment. The ratio of large traders' short positions has also increased, which is typical of a surge followed by a pullback in a bear-dominated market.
In terms of capital, although the large trader long-short ratio still shows a bullish advantage, both the ratio of long and short accounts and the ratio of long and short traders are on a downward trend. Active selling volume has increased at key points, indicating that capital is taking short positions at highs.
Overall, the current short-selling trend has certain momentum in the short term, and one can consider placing short orders based on short-term resistance levels (such as the 0.20 mark), with targets potentially reaching the 0.18 - 0.17 range. It is important to note that the overall medium-term trend still leans bullish, and short-selling is a short-term gamble, so strict stop-loss measures (such as breaking 0.21) should be set to control risk.
