After watching the market for a long time, you realize that sometimes the biggest test of patience is those seemingly "boring" market conditions. Take WAL/USDT's performance today as an example: throughout the trading day, the price has been pinned around $0.16, with very little fluctuation up or down. But beneath this seemingly calm surface, both bulls and bears have long entered a fierce confrontation.

Speaking of this $0.16 level, don't think it's just a random psychological barrier. Looking back at the past three months of charts, this price zone appears with alarming frequency—several rebounds in January this year, and the market retests in December last year, all forming dense trading activity here. In other words, a large amount of capital has already rotated through this level multiple times, leaving a deep technical imprint.

For the bulls who have laid out their plans early, $0.16 is the last fortress; once it falls, the consequences could be unpredictable. Conversely, the bears have long regarded this as a must-attack area. The outcome of this tug-of-war will basically determine the trend of the market in the coming week.

What's more interesting is that by looking at the derivatives market data, you can find some clues. Although the price has not moved much today, the total open interest of WAL contracts across the entire network is steadily rising, approaching a new high not seen in nearly a month. This phenomenon is called "position accumulation" in the tech circle, often indicating that large funds are quietly positioning themselves behind the scenes. While the price remains stagnant, the open interest is piling up—usually hinting at some major move brewing behind the scenes.