$CHIP OI continues to decrease by 3.5% — Bulls are fleeing, no new funds entering, not a signal to build positions



Funding rate -0.0249% — Negative but very weak, close to neutral, no momentum for short squeeze
1-hour trading volume increased by 2.2x but price moved downward — Volume-driven decline, dominated by sellers, not a bullish signal
7-day decline of 16% — Short-term trend downward, no signs of stabilization

CHIP's current structure is: the funding rate is slightly negative but OI is decreasing, which is very similar to $ENSO 's dead water phase back then — bears are slowly closing out positions, not a market maker forcing a short squeeze.
Waiting for OI to stabilize and rebound, funding rate to deepen below -0.1%, and Taker buy ratio >55%, only then is it worth entering with a three-signal resonance.
CHIP-5.35%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin