$SYN drops 22% to 0.1437, and everyone who bought the dip yesterday now has a face full of green. The 24-hour trading volume is $54 million, and the turnover rate is extremely high—this is absolutely not panic liquidation. It looks like someone is rotating at the bottom to accumulate. The greed & fear index is currently 12, “Extreme Fear.” In historical data, the last time this value appeared was the night before $SYN bottomed and bounced around 0.1.

Funding rate is -0.08%. A “suicide squad” of shorts is clustering, but the exchange perpetual contract open interest hasn’t decreased—in fact, shorts have increased their positions rather than closing. This kind of extreme sentiment divergence usually reverses within 3 days.

You guys can look yourself: the move from the 0.1854 high to the 0.1281 low is a 44% range. What are the main players doing? They’re wiping out leveraged longs with a big bearish candle while tricking shorts into chasing in. Now price is approaching the strong support around 0.12. Last year, three times it was hit at this level and then rebounded more than 30%.

Right now, the shorting setup has very poor risk-reward. The funding rate is already negative—shorts have to pay interest every day, while the spot sell-off speed has clearly slowed down.

Trading advice: below 0.14, build spot positions in batches, keeping the position size to 10% of total capital. Set the stop-loss at 0.118 (3% below the prior low). Take profit 1 at 0.17, and take profit 2 at 0.21. Don’t touch perps players. The funding rate is negative, but it hasn’t hit an extreme level yet. Wait until funding rate is -0.1% or lower to open longs with a higher win rate.

This pattern looks exactly like the time I bought the dip at 0.08 last time—back then, there was massive fud across the whole internet, and then it doubled within a month. A sentiment inflection point = the best entry.