【Crash Alert! OP Drops to 0.71 Still Being 'Drained' 100 Million USDT, Bottom Fishing or Another Cut?】

Quick Overview

OP is sticking to the lower Bollinger band at 0.71, with a net outflow of nearly 100 million in contracts over 24 hours and a loss of 880,000 in spot trading, as funds are fleeing rapidly; however, there are 230,000 USDT buy orders lurking at 0.7, and the value anchor zone at 0.76 still has 740 million Up Volume, with bulls and bears about to engage in the final game in the 'value vacuum' of 0.61-0.65 LVN.

Key Interval Structure

· Value Anchor Zone: POC=0.7609 (144 million Vol)

· High Volume Buffer Zone: HVN 0.7540-0.7850 (5 consecutive levels > 100 million Vol), breaking below becomes a rebound ceiling

· Low Volume Gap: LVN 0.6126-0.6281 (Volume < 23 million), once volume increases, it can penetrate instantly

· 70% Trading Interval: 0.6506-0.8196, current price has deviated from the lower edge by 5.3%, entering the short-term oversold edge

Momentum Verification

· Up Volume above POC at 51-54%, still slightly dominant; but Down Volume within LVN is 100%, bears are dominant

· In the past 4 hours, contract positions -0.08%, price -0.49%, volume-price divergence suggests continued bottom exploration

Cycle Judgment

The mid-term downtrend channel remains unchanged, and the short-term is at the 'end of panic'—a drop below 0.70 will trigger LVN acceleration; if it holds above 0.70 and returns to 0.76 on increased volume, it can be viewed as a rebound from an oversold condition.

Trading Strategy

1. Aggressive Short: Place a short at 0.716±0.005, stop loss at 0.722 (upper HVN), target 0.700/0.690, risk-reward ratio ≈ 3.2

2. Conservative Pullback Long: Wait for price to pull back to LVN 0.620-0.628 and see a PinBar with Up Volume > 60% before re-entering, stop loss at 0.615, target 0.760 (POC), risk-reward ratio ≈ 6.0

Risk Warning: If the 1h closing price falls below 0.610, the structure is damaged, and long positions should be abandoned.

LP Market Making Advice

Provide two-sided liquidity in the 0.700-0.760 range:

· Below 0.700, buy order depth > 230,000 USDT to prevent spikes;

· Above 0.760 is POC, active trading with high order eating frequency;

· Avoid LVN 0.61-0.65 to prevent unilateral breakouts leading to impermanent loss.

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$OP