$BEAT recently experienced a volume surge and a drop of over 21%, which is not just a simple profit-taking move. The market shows typical trend-based selling characteristics. Coupled with the currently high open interest, the real situation is likely that long positions are being liquidated en masse, triggering a chain reaction of downward pressure.

From the price action perspective, a clear downward trend structure has formed under massive selling pressure. Both volume and open interest are at high levels, which precisely confirms that longs are being forcibly liquidated and the market continues to be under pressure. Importantly, there are no signs of effective buy-side support on the order book. Any rebound from low levels appears fragile and is often quickly suppressed.

From a technical standpoint, as long as the price cannot effectively recover and hold above the key level of 0.330, the downward momentum will continue to dominate. The short-term bearish strategy is relatively clear: the 0.300-0.310 range can serve as an entry zone, with a stop-loss set at 0.330 (strict adherence required). If the trend proceeds smoothly, 0.270 is the first target, with further declines pointing toward the 0.240 level.