The Dogzhuang Earth Needle is back to harvest again, and Little Wolf has been liquidated again too. This market opens orders and immediately “needles” them in—holding the position means liquidation. The last trade before sleep continues to follow the bearish mood, going directly short on $SOL.

$SOL Now it’s at 69.68, down 3.62% over the past 24 hours. The price is still moving downward, but short-selling funds are still flooding in crazily. This extreme situation shows that market sentiment is one-sided—everyone is afraid of missing this leg of the drop.

In the derivatives market, shorts are packed together, and the funding rate is almost being squeezed into negative territory, yet the price is still drifting lower. This divergence is either the main players accumulating while setting a trap, or they really intend to keep smashing the market.

I also looked at the previous HOME wave of the Earth Needle. With liquidity scarce, the liquidation effect is greatly amplified. After the main players accumulate, they may continue to dump the order book at any time. Don’t underestimate the risks of “weird coins.” Cutting losses blindly or adding positions blindly is useless—this kind of setup can only be waited out until it plays itself out.

Going short with the trend should have plenty of room, but don’t get carried away with your position. Trading feel isn’t the same thing as win rate. Don’t chase after the needle—if it breaks, just admit it. I’m not pretending to be a teacher; I’m only recording my observations.

For this bearish $SOL move, whether it can break out the expected K-line and claw back the profits from before on HOME—let’s wait and see.

Volatility radar: the topic “observing coin anomalies” lines up perfectly with this. $SOL ’s continued sideways-to-down drift combined with an influx of short funds is abnormal, showing that the market’s risk-off sentiment toward altcoins is heating up.

This capital flow will first suppress $ETH and the rebound space of altcoins. Liquidity concentrates on the short side, and the contract liquidation zone will keep shifting downward, making it hard for $BTC to stay unaffected in the short term. #我的Gate交易时刻 #TradFiCFD黄金大师赛 #STRC跌破面值11%创上市新低