I’m not too comfortable with this spot today.
Intraday it’s up 4%, with $870,000 in trading volume. The smart money net inflow is $30,000—volume isn’t that big, and the inflow isn’t very decisive. In plain terms, it’s being dragged by the follower/chasing crowd.
For the AI chip sector, the US market might still hold up, but when you map it to the US-stock tokens on Binance, both the premium and the follow-through/receiving are relatively flimsy.
Over in the next door, CRCLB closed at 67.94 today with $5.5M in volume, but the smart money actually net outflowed $215,000. Same theme, different fate: someone is propping up NVDAB, while someone is selling CRCLB. It shows that funds are also making choices within the sector.
My habit is: at a position like NVDAB, I don’t chase first. I wait for it to shrink in volume and pull back, then assess the order book/continuation. With these US-stock-mapped tokens, the heat comes quickly and goes quickly. The key is whether you can withstand the selling pressure around the US market open.
Follow San Jin—I'll keep watching this line going forward.
Intraday it’s up 4%, with $870,000 in trading volume. The smart money net inflow is $30,000—volume isn’t that big, and the inflow isn’t very decisive. In plain terms, it’s being dragged by the follower/chasing crowd.
For the AI chip sector, the US market might still hold up, but when you map it to the US-stock tokens on Binance, both the premium and the follow-through/receiving are relatively flimsy.
Over in the next door, CRCLB closed at 67.94 today with $5.5M in volume, but the smart money actually net outflowed $215,000. Same theme, different fate: someone is propping up NVDAB, while someone is selling CRCLB. It shows that funds are also making choices within the sector.
My habit is: at a position like NVDAB, I don’t chase first. I wait for it to shrink in volume and pull back, then assess the order book/continuation. With these US-stock-mapped tokens, the heat comes quickly and goes quickly. The key is whether you can withstand the selling pressure around the US market open.
Follow San Jin—I'll keep watching this line going forward.