Guys, look at this crazy $LSK discrepancy.
Spot is trading around $1.01, while the perpetual is around $0.84 nearly a 17% gap.
Futures volume is also insane: $2.89B vs just $134.64M on spot, while funding is around -2%, showing extremely aggressive short positioning.
Be ready for a short sqeeze!! If shorts start getting squeezed, the perp will rapidly catch up toward spot.
This spread + negative funding is something I’m watching very closely.
Show price has to match other wise Traders will e...
$AKE Open short setup, trade with small volume🔥
Entry 0,014-0,015
SL 0,016
TP:
0,012
0,01
0,007
{future}(AKEUSDT)
The funding rate for $LSK is averaging around -1.16%. This means most traders are shorting.
As long as the funding rate stays this negative, I do think LSK can squeeze higher.
Big players can buy on spot and squeeze the shorts. When shorts get liquidated, those liquidations become buys, creating even more upward pressure.
Basically, it can become a domino effect.
Don’t short LSK here, you might get squeezed.
President Trump, BlackRock, Fidelity, Franklin Templeton, SEC, CFTC, Goldman Sachs, Charles Schwab, JPMorgan, Citi Bank...
ALL WANT CLARITY TO PASS.
And you still think it’s not coming next week?
#ClarityActFacesProceduralVoteSept15
#SECReceivesGrayscaleLitecoinTrustETFFiling
LSK Whale Deposit Came Right Before Another Big Drop.
An address linked to the LSK project team deposited 3.29M $LSK , worth around $3.79M, to Binance about 6 hours ago.
The timing is what makes this interesting. The deposit came after #LSK had already dropped from $2 to $1, and shortly after, the token suffered another sharp move from around $1.22 to $0.70.
LSK has since bounced back to around $1.17. Still, a nearly $3.8M exchange deposit from a project-associated wallet is definitely something...