2025-12-13 13:23:36

AI assets have been hit, but the market trend reveals another signal.

When you see a decline in the candlestick + increasing trading volume + sticky open interest, this usually isn't "retail investors giving up," but rather chips changing hands.

From the trading data, there are a few details worth noting:

Look at the TAO position, dropping to around 290. Price pressure is one thing, but the order book structure indicates the situation isn't that simple. A decline accompanied by increased volume requires distinguishing whether it's a dump to sell off or the main force accumulating. Especially since open interest data remains high and doesn't retreat, which precisely shows that both bulls and bears are still fighting, not a one-sided collapse.

The logic of the trading market often differs from what the candlestick chart shows on the surface. Don't be scared by the red candles; liquidity transfer usually follows this rhythm.

TAO-8.23%

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MidnightGenesis

· 12-16 13:22

On-chain data shows that open interest hasn't decreased much, which is interesting. Based on experience, a market crash is usually accompanied by a large number of liquidations, but this current pace seems more like a chip wash. TAO at the 290 level needs to be closely monitored.

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ConfusedWhale

· 12-16 13:19

The volume is dropping but the position remains firm and not closed. This is the main force shaking out the weak holders. Don't panic.

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retroactive_airdrop

· 12-14 00:54

A volume breakdown doesn't necessarily mean a dump. TAO's recent moves appear to be a shakeout, and the holding data remains strong, indicating that the major players don't really intend to sell off.

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GateUser-1a2ed0b9

· 12-13 13:53

Heavy selling volume but still holding tight, this is the flavor of a shakeout, the main force is digging a pit for retail investors.

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GasFeeNightmare

· 12-13 13:53

It looks like position 290 is accumulating, with increased volume during the decline and short positions at high levels. This tactic is old-fashioned.

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LiquidationWatcher

· 12-13 13:52

Talking about the chip turnover again, I think it's just the main players shaking out the weak hands.

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Fren_Not_Food

· 12-13 13:49

Can't break it, still holding on tightly to the position. This isn't distribution; it's accumulation.

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GhostInTheChain

· 12-13 13:47

The volume is dropping, but the contracts haven't retreated. This smell seems like a shakeout; the main players are absorbing the chips.