$BWET Down 18% in a day, currently at 693, with a low of 663 and just 2.0M in 24-hour trading volume—this isn’t a pullback; it’s a liquidity stampede.

First, the sentiment indicators. $BWET I rate the current Fear & Greed Index at 22, deep fear; the funding rate has turned negative at -0.018%, meaning shorts are starting to pay to hold their positions. Historically, this coin’s funding rate has turned negative only three times. The previous two times, it bottomed at -0.02% and -0.025%, respectively, then rebounded by more than 15% within 48 hours. This time, -0.018% is already near the threshold of those previous two instances, and an extreme reading is taking shape.
Looking at fundamentals, $BWET 24-hour trading volume is 2.0M, down by more than 60% from the volume at the high of 854, indicating that selling pressure isn’t sustained—just a few large orders pushed through a thin liquidity zone. I’m watching two on-chain signals: first, traces of large buy orders near 663; second, exchange net outflows have actually increased during the decline, suggesting someone is accumulating amid the panic. Technically, 693 has fallen below the short-term moving average cluster, but the 663-670 range is a previous high-volume trading zone, and RSI has fallen to 28, an oversold level.
My view: bullish on a short-term recovery, but the bearish mid-term trend remains intact. For trading, don’t chase shorts at the current price of 693. Wait for a pullback to 670-680 and scale into longs, place a stop-loss below 655, with a first take-profit target of 740 and a second target of 780. Keep your position size under 20%—this coin’s liquidity is too thin, so don’t go in heavy. If it breaks below 655, exit unconditionally; that would mean the stampede isn’t over.
Market sentiment gauge reading: Fear & Greed at 22, funding rate at -0.018%, near an extreme. A sentiment inflection point = the best entry. #每周来晒