🪐 Short‑side siege on CHIP. A wave of short‑bias has forced 90 sizable long addresses into over $400k unrealized losses while a concentrated group of short‑oriented wallets have booked roughly $864k in paper profit, driving the long/short ratio down to 81.25% and the funding rate into negative territory. 🕸️ The on‑chain data suggests bearish momentum is cementing; liquidity on the long side is thin and any capitulation will likely push the price lower, though a sudden influx of fresh buying could temporarily cushion the descent. ⚡ If the trapped longs start liquidating to salvage capital, the floor could collapse further, making a deeper dip more probable. Disclaimer: Personal analysis only. Not financial advice. DYOR. #CHIP #OnChain #CryptoAnalysis #FedMeetsNVIDIAMay20 #GoldmanCryptoPivot #OpenAIvsAnthropic @OKX中文