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#VELVET Through data analysis from Aice100, it can be seen that when $VELVET price is around $0.3452, the 24-hour price change is -28.13%.
To be honest, the short-term rapid decline indicates that funds are eager to exit.
But note that, based on the data, 42% of people are holding short positions; it’s not too late to wait for a rebound after they are absorbed.
Holding above $0.33484 still leaves room for recovery, and only when it recovers back above $0.35383 is the situation considered eased.
Position volume: 25.52 million → 39.01 million (up 52.9%)
Major account long-short ratio: 0.39 → 0.71 (bearish dominance)
Active absorption: active buy orders are dominant, net amount share +2.4% (buy 1.83B / sell 1.74B)
Forum posting discussion volume: surged 4930.4% (148 → 7445)