The LAB continued its fall, falling by 21.6 per cent to $12.09 over the past 24 hours, and the turnover went down simultaneously. Prices were not stable after approaching critical resistance above, then sales pressure increased again and market sentiment shifted to caution.

It's empty.

Currency derivatives data show that head traders are now clearly emptied. The ratio of multiple accounts was only 28.69 per cent, while the share of vacant accounts was 71.31 per cent, and the corresponding ratio fell to 0.40.

This structure suggests that the LAB has fallen significantly behind, and that a significant proportion of the market still has to bet on prices that continue to weaken. Unilateral overweights sometimes magnify fluctuations, but current data suggest that traders have not yet generally recognized that LAB has completed the bottoming.

  • Multihead account share: 28.69 per cent
  • Empty accounts: 71.31%
  • Multispace ratio: 0.40

17.78 US$ outstanding resistance

In terms of price performance, LAB had previously hit a 17.78-dollar resistance zone, which failed, and then fell from its high position. The position was a supply area that had not been effectively breached during the recent escalation, and the failure brought about a new round of depression.

Following a correction, LAB was close to $12.44 and is still above the main support area near $9.15. The relatively strong and weak indicator RSI is 54.53, with a median of 56.28, and the overall is still in a neutral region, indicating that there is no one-sided situation at the kinetic energy level.

Funding rates remain positive

It is noteworthy that LAB ' s unsettled contract weighted fund rate remains positive, with the latest report 0.0127 per cent. This means that part of the multi-trader is still paying a premium to maintain the warehouse, which contrasts with the clearly emptied warehouse structure of the money-and-head dealer.

This fragmentation shows that there is still room for restoration of expected prices in the market. However, as compared to earlier this month, there has been a marked slowdown in the rate of funds, indicating a weakening of confidence on many fronts. For the time being, a positive financial rate alone would not be sufficient to reverse the overall emptiness of trading.