CASHCAT drops 16% – But THIS metric flashes hope for bulls
Cash Cat [CASHCAT] fell 16% in one day, marking one of the memecoins steepest declines. However, trading Cash Cat could remain risky, especially for traders expecting further downside. AMBCrypto examined why bearish pressure remained dominant and which signals could still support a rebound. Why are CASHCAT longs suffering? Pressure intensified on long traders as the CASHCAT perpetual market recorded a sharp Liquidation imbalance. Liquidation data measures positions forcibly closed when traders lack sufficient margin to keep them open. Over 24 hours, long traders lost 14.8 times more than short traders. Long Liquidations reached $566,300, while Short Liquidations totaled only $38,210. Source: CoinGlass The imbalance showed that CASHCATs decline caught leveraged bulls on the wrong side. A similar pattern emerged on the 4th of September. Long Liquidations reached approximately $480,000, compared with $28,000 in Short Liquidations. Repeated forced selling could deepen downside pressure, particularly if leveraged traders continue chasing a reversal. Spot holders are fueling the decline The spot traders have also contributed to the decline witnessed over the past day, as Spot Market Netflow remained positive. Spot Market Netflow is the difference between inflows and outflows on exchanges. When inflows are higher than outflows, resulting in a positive reading, it means more of the asset is being moved onto exchanges, which









