SEI breaks below key support, but derivatives trading is heating up—are institutions preparing for a rebound?

【Crypto World】SEI’s recent trend is quite interesting. The price has already broken below the key support level of $0.1206, and it might even continue to decline to $0.0689. At first glance, the spot market indeed appears somewhat sluggish.

But there’s a detail worth noting — trading activity in derivatives is actually heating up. The 24-hour trading volume has reached $32 million, and open interest is also increasing. This is not a sign of market collapse; rather, it indicates that some traders are leveraging their bets, and the speculative atmosphere is strong.

Additionally, large traders in the spot market remain very active, suggesting that big institutions haven’t completely exited the market; they are quietly positioning themselves at critical levels. Momentum indicators have recently eased, and selling pressure is less intense.

The key is whether the rebound can break above $0.1261 — if it can surpass this level, it will give the market a boost, and a potential recovery signal will truly emerge. If it can’t go higher, downward pressure will continue to weigh on this asset.