I'm tracking some fascinating asymmetry on $LAB today. While the general chatter around the project has been weighed down by ongoing linear unlocks, the derivatives market is telling a completely different, highly skewed story.
I noticed that the upper liquidity share for $LAB is sitting at a flat 100%. This means there is virtually zero major downside liquidity concentration registered in the immediate ranges, while the nearest liquidation target sits 51.32% higher at roughly 0.23. With a solid 9.40% gain over the last 24 hours bringing the price to 0.15, the token is starting to feel the magnetic pull of those overhead levels.
Even with an open interest of 16.18M, funding remains slightly positive at 0.02%. Sellers aren't aggressively fighting this upward bias yet. When order books get this one-sided, it makes you wonder if we're set up for a fast squeeze toward that massive overhead pocket.
$LAB #DeFi #Altcoins #CryptoMarket
I noticed that the upper liquidity share for $LAB is sitting at a flat 100%. This means there is virtually zero major downside liquidity concentration registered in the immediate ranges, while the nearest liquidation target sits 51.32% higher at roughly 0.23. With a solid 9.40% gain over the last 24 hours bringing the price to 0.15, the token is starting to feel the magnetic pull of those overhead levels.
Even with an open interest of 16.18M, funding remains slightly positive at 0.02%. Sellers aren't aggressively fighting this upward bias yet. When order books get this one-sided, it makes you wonder if we're set up for a fast squeeze toward that massive overhead pocket.
$LAB #DeFi #Altcoins #CryptoMarket