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$SIREN rebound, $LOGX rebound
The true bottom requires multiple indicators to resonate: funding rates continuously turning negative, significant shrinkage in contract positions, a sharp decline in spot lending annualized yields, volume breaking above the 0.0533 average price, and mass liquidations of shorts.
Currently, the brief stop of decline just by touching the line, with funding rates, positions, and lending data all signaling bearishness, is only a temporary rebound buffer during the downtrend, and there is still ample downward space before the real bottom.
Do not blindly chase the bottom by touching the line.