2026-01-11 10:26:48

XVS's recent performance is quite interesting. Two consecutive trading alerts this afternoon are uncommon, so I quickly pulled up the chart to see what's going on.

Looking back at the historical candlestick charts, this coin indeed has a history. During the late December surge, the price repeatedly hovered around a straight line on the 4-hour chart, a typical accumulation phase, with significant buying in.

Then the market started to move up. But there's a detail—while the price was rising, the open interest actually decreased. What does this mean? It indicates that the recent rally was mainly driven by short positions covering. Those who had previously taken long positions probably still hold them, but they are now below their cost basis.

Looking at a more granular level, a familiar pattern appears: sideways consolidation absorbing chips. This time, both longs and shorts are being accumulated. Combining this with previous logic about short covering, it seems there are quite a few longs in hand. You’ll notice that XVS is repeatedly cycling through this pattern—**chips are switching back and forth across different price ranges**.

To verify this with derivatives data: open interest (OI) increased by 4.53% within 139 minutes (an increase of over $1.3 million), but the price hardly moved during the same period (only up 0.02%). What does this suggest? Major players are stacking positions, and the pace of accumulation is quite evident. The funding rate is currently negative at -0.0365%, which is also an interesting signal, reflecting some subtle market changes.

The entire logical chain points to a very certain phenomenon: a large amount of chips are exchanging hands within this price range, with both longs and shorts reconfiguring their positions.

XVS0,13%

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ContractCollector

· 14h ago

Wow, the growth rate of the open interest is quite aggressive. The main players are quietly accumulating positions.

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MeltdownSurvivalist

· 01-11 10:55

It's the same old chip conversion trick again, XVS is played out The main players just pile up positions, no need to act mysterious here OI increasing while price stays still? That's just accumulation, old trick Negative fees and such, look good but who knows Let's wait for a big market move, this sideways trading is so annoying

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TokenTaxonomist

· 01-11 10:54

actually the oi spike without price movement is pretty telling—data suggests whales are def consolidating here, not some random retail fomo. per my analysis this is textbook chip rotation across price bands, nothing new under the sun really.

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MysteryBoxAddict

· 01-11 10:47

Oh my, this wave of OI accumulation is quite intense, eating up the chips until numb --- It's the familiar sideways trading pattern again, both bulls and bears are rebalancing, this time probably have to bet again --- Negative fee rate combined with a surge in OI, the main force's move is quite interesting --- The speed of XVS chip switching feels like someone is about to be washed out again --- Price hasn't moved but OI has piled up to 1.3 million, what do you think the main force is doing --- It's always this pattern, sideways accumulation then a sudden move, I bet it will come again --- Looking at the position reduction during that period, the logic of short covering is very clear --- This time, there should be quite a few long positions, but how to defend when buried so deep --- Negative fee rate is quite interesting, reverse thinking is here --- Feels like this coin is about to cut again, the chip game is really ruthless

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DegenWhisperer

· 01-11 10:42

Wow, OI increased by 4.5% but the price remains unchanged. The main force is really holding back a big move.

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OnchainUndercover

· 01-11 10:34

Hmm, XVS is indeed brewing something this time. Open interest has skyrocketed, but the price remains unchanged. The main players are quietly accumulating positions. Waiting for the chip switch to complete, then there might be another round of the game. To be honest, with negative fees and this sideways movement, I think the bulls are accumulating strength. The previously buried orders should start to loosen up.

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