$OGN ๐ต๐ฎ๐ ๐ป๐ฒ๐ฎ๐ฟ๐น๐ ๐ฑ๐ผ๐๐ฏ๐น๐ฒ๐ฑ ๐๐ผ๐ฑ๐ฎ๐, ๐ฎ๐ป๐ฑ ๐๐ต๐ผ๐ฟ๐๐ ๐๐๐ถ๐น๐น ๐๐ผ๐ป'๐ ๐น๐ฒ๐ ๐ด๐ผ.
Origin Protocol ran from about $0.021 to $0.041 on spot, up 93% in 24 hours.
On Binance Futures, open interest went from roughly $2M to $15M in about five hours, while funding sits near -1% per 4 hours. Shorts are paying heavily to hold their bets.
The perp is also trading about 4% below spot. No verified catalyst yet, so this is positioning, not news.
More fuel left, or is the squeeze running on fumes?
NFA.
#OriginProtocol #ShortSqueeze
Origin Protocol ran from about $0.021 to $0.041 on spot, up 93% in 24 hours.
On Binance Futures, open interest went from roughly $2M to $15M in about five hours, while funding sits near -1% per 4 hours. Shorts are paying heavily to hold their bets.
The perp is also trading about 4% below spot. No verified catalyst yet, so this is positioning, not news.
More fuel left, or is the squeeze running on fumes?
NFA.
#OriginProtocol #ShortSqueeze