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velvetx
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Velvet short-term surge over 90%. $VELVET is witnessing a textbook-level squeeze move.
Despite heavy sell pressure, the longs are accepting it with exceptional resolve. High-leverage contracts are being liquidated in clusters, forcing shorts to cover, and the price steps upward in stages. Combined with the narrative catalyst brought by the launch of the new VelvetX platform, market sentiment shifts from doubt to FOMO. Moves like this—"bad news can’t be hammered down"—usually mean the chip structure has already completed a turnover.
Current price $1.58, 24h trading volume $23.59M, market cap around $663M. In the later stage of a squeeze, the biggest taboo is chasing higher. What’s truly worth watching is whether, during the pullback, the longs can still keep absorbing—this is the line that determines whether the trend can continue. Leverage players must control position sizing and not hand ammunition to others when emotions are at their most euphoric.
#ShortSqueeze #VelvetX #on-chain sentiment
Despite heavy sell pressure, the longs are accepting it with exceptional resolve. High-leverage contracts are being liquidated in clusters, forcing shorts to cover, and the price steps upward in stages. Combined with the narrative catalyst brought by the launch of the new VelvetX platform, market sentiment shifts from doubt to FOMO. Moves like this—"bad news can’t be hammered down"—usually mean the chip structure has already completed a turnover.
Current price $1.58, 24h trading volume $23.59M, market cap around $663M. In the later stage of a squeeze, the biggest taboo is chasing higher. What’s truly worth watching is whether, during the pullback, the longs can still keep absorbing—this is the line that determines whether the trend can continue. Leverage players must control position sizing and not hand ammunition to others when emotions are at their most euphoric.
#ShortSqueeze #VelvetX #on-chain sentiment
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