#Strategy加仓BTC MERL has recently experienced a significant volume-driven decline pattern. While the open interest remains high, the price continues to fall, which usually indicates that longs are being liquidated or that the main players are systematically distributing their positions.

From the data, MERL's daily decline has exceeded 17%, with trading volume simultaneously increasing, which is a typical sign of weakness. The price action clearly shows persistent selling pressure, but there is no effective buying support, indicating a lack of market bullishness. When high open interest is accompanied by falling prices, it often suggests that large traders are being forced to liquidate or that the big players are actively offloading.

On the technical side, the price has effectively broken below a key support zone, opening up downside space. If the rebound remains weak, it presents a good opportunity for shorting.

Trading strategy reference: Entry zone is between 0.200-0.205, with a strict stop-loss set at 0.215. The first target is 0.180, and the second target is 0.155. To stay updated with real-time market changes and in-depth analysis, you can trade on Gate.com, which offers comprehensive technical tools support.