#VELVET Data analysis from Aice100 shows that when $VELVET price is around $0.92143, the 24-hour price change is +127.95%.



It appears that the short-term trend is continuing upward, with funds flowing accordingly.

However, there is an issue: 59% of the order book positions are skewed long. The funding rate is +0.049%, and longs are still paying fees. A pullback depends on whether the support below can hold.

First, look at $0.94907 above, and below, see if $0.89839 can hold.

Open interest: 55.32M → 32.4308 million (down 41.4%)

Major trader long-short ratio: 0.38 → 0.33 (bearish dominance)

Active absorption: Active sell orders are dominant, net ratio -3.1% (buying 1.64B / selling 1.75B)

Forum posting discussion activity: surged 925.3% (491 → 5034)
VELVET103.97%
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