Look at $JELLYJELLY : within 1 day, it sharply dropped to around 0.092. The previous upward trend on the weekly chart has not completely broken, but the short-term decline is quite strong.
There is some divergence in the long-short ratio — on Binance, both regular and large accounts are mostly bullish, while OKX is bearish; recent liquidation data shows that short positions are being liquidated more than long positions, and some of the short selling pressure has been released, but it hasn't been fully cleared.
On the funding side, it has clearly weakened: aside from a slight net inflow in the 5-minute and 4-hour intervals, all short-term cycles like 15 minutes and 30 minutes are seeing net outflows, indicating that short-term funds are withdrawing.
Currently, the short-term trend is weak; the weekly support is still there but not making a strong move. We need to wait for short-term funds to return and for prices to stabilize before making any decisions; for now, it's safer to stay on the sidelines.
