This LAB dip from 13.3 to 10.8 represents a nearly 20% drop. Is it panic selling or just a shakeout by the whales? Hold off on trying to catch the bottom; let’s break down the data first.
The funding rate is still at +0.0182%. While it's positive, it’s pretty low, indicating that the bulls aren't being wiped out by a liquidation cascade, and the bears aren't aggressively increasing their positions either. What we’re seeing in the market is more active selling, not a chain reaction from leveraged liquidations — this suggests the buying pressure is weak, and any rebound could be a false one.
Today’s trading volume hit 127 million, with 10.58 million in coin volume, roughly double the recent average. The increased selling pressure indicates real bearish sentiment, but the price has found some support around 10.73 and hasn’t broken the previous low just yet.
#LAB
The funding rate is still at +0.0182%. While it's positive, it’s pretty low, indicating that the bulls aren't being wiped out by a liquidation cascade, and the bears aren't aggressively increasing their positions either. What we’re seeing in the market is more active selling, not a chain reaction from leveraged liquidations — this suggests the buying pressure is weak, and any rebound could be a false one.
Today’s trading volume hit 127 million, with 10.58 million in coin volume, roughly double the recent average. The increased selling pressure indicates real bearish sentiment, but the price has found some support around 10.73 and hasn’t broken the previous low just yet.
#LAB