2026-01-20 05:33:34

The recent market movement of IP is interesting. After a daily volume surge and a 9.10% decline, the price directly broke through a key support level, presenting a typical weak breakout pattern.

The issue lies in the high open interest (OI) — usually, after such a significant drop, OI should decrease. But currently, OI remains quite high. Combined with the market behavior, it suggests that long positions are being liquidated in a chain reaction, or that large funds are distributing chips. Both possibilities point in the same direction.

Market details further illustrate the problem. Selling pressure comes wave after wave, with no signs of decent absorption. Any rebounds on the lower timeframes (LTF) appear weak and are quickly crushed. This rhythm indicates that downward momentum still exists, with the least resistance path.

From a trading perspective, opportunities are emerging:

🎯 Short position
🎯 Entry zone: 2.35-2.40
🛑 Stop loss set at: 2.55 (this is a rigid stop-loss level)
🚀 First target: 2.10
🚀 Second target: 1.85

The premise is whether the price can regain and stay above 2.55. If it cannot, the downward space will continue to open up.

IP-2,27%

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GasFeeAssassin

· 01-22 06:06

This OI is still so high, it's really strange. What are the big players doing?

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NotFinancialAdvice

· 01-21 21:45

This move by IP is indeed quite aggressive. The OI not only didn't decrease but actually increased, which is outrageous. It must be big players manipulating the market.

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BearWhisperGod

· 01-20 06:03

Hmm, it's a bit strange that this OI is still so high. Are the big players dumping or just shaking out the weak hands?

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MEVSandwich

· 01-20 06:01

Wow, another weak breakout, and the open interest is still holding on without dropping. Big funds are really slowly distributing chips.

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ContractHunter

· 01-20 05:54

Oh no, this OI isn't dropping, it seems like big players are dumping chips, and the bulls are about to be harvested.

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IronHeadMiner

· 01-20 05:51

With such strong selling pressure and high open interest, this market is quite interesting.

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BrokenDAO

· 01-20 05:49

OI stubbornly refuses to fall, this statement sounds familiar... Whether the bulls are being cleared or the big players are distributing, ultimately it's just that no one is willing to take the bait. Frankly, this kind of situation has been seen too many times in governance tokens; when the incentive mechanism fails, holders become passive sellers. The 2.35-2.40 range depends on whether an effective buyer alliance can be formed; otherwise, it will be a continuous flood of sell-offs.

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MoonMathMagic

· 01-20 05:49

The selling pressure is so fierce, and the open interest is still holding on, which is indeed a bit strange.

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