$BICO down 15% today, sitting right at the lows, and shorts are still paying 0.28% an hour to add to it.
16 hours on the radar, price already down 6% since it first showed up, and OI's been building for 3 scans straight. this isn't one panic candle, it's a slow bleed with fresh money climbing on every leg down.
$6.6M in open positions now, and whoever's on the losing side of this funding rate is paying about $56K a day just to keep the bet on. $72K walked out in the last hour though, so someone's starting to get uncomfortable holding that bill.
crowd's 67% short here, deriv and spot both agreeing on the move. that's not a squeeze setup, that's the crowd correctly leaning into a real breakdown, which is its own kind of scary if you're the 33% still long into these lows.
stretched enough that a bounce would hurt somebody bad. NFA
16 hours on the radar, price already down 6% since it first showed up, and OI's been building for 3 scans straight. this isn't one panic candle, it's a slow bleed with fresh money climbing on every leg down.
$6.6M in open positions now, and whoever's on the losing side of this funding rate is paying about $56K a day just to keep the bet on. $72K walked out in the last hour though, so someone's starting to get uncomfortable holding that bill.
crowd's 67% short here, deriv and spot both agreeing on the move. that's not a squeeze setup, that's the crowd correctly leaning into a real breakdown, which is its own kind of scary if you're the 33% still long into these lows.
stretched enough that a bounce would hurt somebody bad. NFA