【$IO Signal】Empty position + decline accompanied by abnormal open interest

$IO price drops -3.88%, but open interest reaches 18.57 million. Combined with market logic, caution is advised for potential long liquidation or main force distribution. The current market shows a decline with high open interest, which is a typical weak signal, indicating that during the decline, a large number of positions are trapped or new short positions are being added, rather than simple profit-taking. Price action (PA) shows persistent selling pressure with no effective buying absorption. Before clear bullish defensive signals (such as increased volume stopping the decline with a bullish candle, or a significant drop in open interest) appear, do not go against the trend and attempt to catch falling knives.

🎯 Direction: Empty position

Trade 👇 $IO
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