$SYN spiked to $0.233 at 09:00 UTC, a new high, then gave most of it back. Nine hours later it's $0.187, 24h low $0.146. 🔥
Open interest is shrinking now (-3.4% in 24h), unlike this morning's buildup, and funding flipped slightly positive with the crowd still net short. Reads like a fade, not a base. I'd rather see it hold than call the bottom.
Open interest is shrinking now (-3.4% in 24h), unlike this morning's buildup, and funding flipped slightly positive with the crowd still net short. Reads like a fade, not a base. I'd rather see it hold than call the bottom.