$AXS Signal】Empty position + decline accompanied by abnormal open interest



$AXS Price drops by -7.09%, but open interest reaches 17.17 million. Combined with high trading volume, this presents a typical "decline with increasing open interest" pattern. This is not a healthy correction, but rather a market absorbing continuous sell pressure below key price levels and potential passive long position accumulation.

🎯 Direction: Short position (NoPosition)

The current structure is unclear, waiting for price action to give a clear signal. Either a volume breakout leading to a new downtrend, or a rapid decrease in open interest (longs surrender) followed by price stabilization, before considering new trading margins. The market is choosing a direction; forcing trades is no different from gambling.

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AXS-2.95%
BTC-1.06%
ETH-3.95%
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