When the market is sideways, buying the dip in strong altcoins often yields significant returns. Recently, I found the performance of $RIVER quite interesting——in the stablecoin sector, besides $YALA, its strength is relatively prominent.

From on-chain data, the situation is indeed changing. The short-term capital concentration has shifted from bearish to bullish, and the whale alerts have turned green, indicating that large investors are clearly going long. Another signal is that the funding rate has fallen to negative, and an increasing negative value suggests what? A short squeeze is unfolding, and retail investors are still stubbornly holding short positions.

The liquidation map makes this clearer. From the current price up to the 36 yuan level, short positions are heavily accumulated. Once this level is broken, chain reactions of liquidations could be quite fierce. If volume supports later on, the risk of shorts being wiped out completely is not small.