Prices have dropped, but selling pressure is actually low, mainly due to the liquidity sweep of the thin order group. This indicates that the market is intentionally pushing down to test sentiment. AXS often has a habit of deep shakes before a strong turnaround, and the current structure is quite similar to the premise for a strong pullback. Large wallets are standing by, not selling, not accumulating, but showing slight absorption footprints. That's the kind of signal that only those who have read charts for many years would recognize.
AXSUSDT
Perp
1.019
-6.85%