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【$1INCH Signal】Short position + Abnormal decline in open interest
$1INCH Price plummeted by -18.34%, accompanied by open interest dropping to 62.33 million. This is a typical short liquidation-driven decline, not a healthy correction. Market logic points to a liquidity vacuum after long liquidation, lacking active buy support.
🎯 Direction: Short
Price action shows a passive decline, with no effective buy absorption observed. This liquidation-driven movement, before open interest stabilizes, any rebound lacks structural support. Waiting for the price to form a new supply and demand balance in a lower range.
Trade 👇 $1INCH
here
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