Damn❗️$SLX This drop is brutal — over 60% down in 7 days, panic across the board. But here comes the interesting reversal: the funding rate is already down to deep negative territory, and for every 8 periods, shorts are getting stuck paying extra money just to keep holding — and that’s not a good sign. Look at the on-chain data, too: the long ratio on large-holder accounts surged by nearly 20% in 7 hours, and whales are crazily gobbling up chips at the 0.2 level. Spot depth is sitting right there: buy orders are more than 3 times the sell orders. The supply that that market maker dumped is all being taken up by big players. After six consecutive bearish candles on the 4-hour timeframe, exhaustion signals start to appear, indicating the shorts’ momentum is also almost drained. If you keep blindly chasing shorts at this level, be careful you get slammed all at once. The dip-buying army is already on the way — the logic is consistent.🤣