The recent rebound in the layout shorting $H is likely a false move to lure in buyers. Previously, it had been falling from a high position, and now that it has rebounded to around 0.169, it seems to be losing momentum—at the 15-minute and 1-hour levels, once it reaches this position, the price starts to oscillate, and the moving averages begin to flatten, indicating that the bulls are losing strength.

Looking at the funding side, the contract open interest hasn’t followed the rebound upwards, and the ratio of large traders' short positions is secretly rising, suggesting that big capital might be quietly positioning short orders while taking advantage of the rebound. The volume of active buying is also weakening, and now that it has rebounded to this point, no one is willing to chase it.

Technically, this rebound is still far from the strong resistance at 0.188 above, and from the overall trend perspective, it remains in a downward channel; this rebound feels more like a 'breather' in the process of decline, rather than a genuine reversal. So don’t be fooled by this rebound; it’s highly probable that it will continue to move downwards.

HUSDT

Perp

0.15848

-3.79%