#数字货币市场洞察 $XNY remains under pressure, with funding data across all timeframes flashing warning signals

I've noticed something lately while monitoring the market: the capital flow for XNY is looking very unusual.

From the short-term 5-minute K-line to the medium-to-long-term 10-day cycle, every single time frame shows net outflows. What does this mean? There's simply no new capital entering the market to absorb the selling; selling pressure persists while buying interest is weak.

What's even more subtle is the current long/short positions ratio—it’s stuck right at the delicate 50/50 balance point. At first glance, it seems evenly matched, but combined with the capital data, this balance is actually quite fragile. The liquidation data from the past day also confirms this: short liquidations slightly exceeded long liquidations, indicating that many stop-losses were triggered as the price dipped.

If you're looking to participate, I personally lean toward waiting for a shorting opportunity after a rebound.

Specifically: don’t chase shorts during an accelerated drop—that’s like licking blood off the blade. Be patient and wait for it to rebound to a technical resistance level (possibly a moving average or a previous minor high), and then enter if it fails to break through. Your win rate will be much higher. Of course, if it breaks through the recent support platform directly, following with a small position isn’t out of the question—just remember to set a stop-loss in case there’s a breakout with volume and you need to cut your losses.

There’s no such thing as 100% certainty in the market; what we need to do is improve our probability edge with every trade.