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BDXN's recent market movement is indeed unusual. The price has surged to 0.03017, looking very momentum-driven, but from a technical perspective, the 4-hour RSI has already soared to 93.01. Such extreme overbought levels typically don't last long in history.
What’s more noteworthy is the clear divergence between large holders' holdings and the price trend. While the price hits new highs, the proportion of long positions held by large investors is rapidly declining, and signs of large investors opening short positions are becoming more apparent. What does this mean? Institutions are reversing their positions, while retail investors are still buying in. This structural divergence often triggers sharp corrections.
Historical experience shows that after RSI reaches such high levels, a correction usually happens quickly. Coupled with this opposing stance in large holders' positions, downward pressure is indeed building. The current question is where the correction will start and how deep it might be. For short-term traders, the risk-reward ratio at this level is no longer very favorable.