$PEOPLE

$PEOPLE people are currently at the four-hour structural bottom on the chart. At the same time, the positions for the 48-hour and 24-hour contracts have basically not changed, but the main 24-hour contract has a net inflow of 12 million (a positive number indicates closing short or opening long, a negative number indicates closing long or opening short), which indicates that most of this is the main force closing short positions while opening a small amount of long positions, but the long positions are very few.

Therefore, a comprehensive analysis of this position suggests that the main force has limited space to push down further because it has already started to gradually close short positions for profit. When they close a lot of short positions later, there will be a significant price increase (because their short position volume is too large), and they can also take advantage of chasing short positions. However, this kind of upward movement is difficult to sustain because the main force does not have too many long positions to push prices high and cannot profit too much. They are not raising prices to allow long positions to profit but to close short positions for profit. Therefore, after pushing prices up, they cannot be followed as it may turn around at any time.

The suggestion for this coin is not to play both long and short... There is no long position in the main force's hands, so there is no need to bet on when they will close short and push prices up. As for short positions, it is uncertain when they will reverse.