$SXP is about to face delisting from the platform, which has become the focus of market attention. Currently, the asset's funding rate is extremely negative, indicating exceptionally strong bearish sentiment in the market, with many traders shorting by paying a high cost. This phenomenon is especially common before an asset is delisted and usually signals significant volatility and downward pressure. Traders should be wary of blindly bottom-fishing or trading against the trend, as liquidation risks will rapidly increase as the delisting date approaches, and the market may experience sharp price swings. Any action regarding SXP requires extreme caution, with strict position control and risk management.
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$SXP is about to face delisting from the platform, which has become the focus of market attention. Currently, the asset's funding rate is extremely negative, indicating exceptionally strong bearish sentiment in the market, with many traders shorting by paying a high cost. This phenomenon is especially common before an asset is delisted and usually signals significant volatility and downward pressure. Traders should be wary of blindly bottom-fishing or trading against the trend, as liquidation risks will rapidly increase as the delisting date approaches, and the market may experience sharp price swings. Any action regarding SXP requires extreme caution, with strict position control and risk management.
$BTC
📊 Technical Analysis:
Current price: 0.0675 USDT
🟢 Support: 0.0553 (1H reference distance 22.44%)
🔴 Resistance: 0.0767 (1H reference distance 7.57%