🚨 $RLC SHORTS GET TRAPPED AS OPEN INTEREST EXPLODES FROM $10M TO $26M! 💥
The bears tried to wall off $RLC at 0.56, but relentless spot demand pushed price up to 0.97 while open interest skyrocketed to $26M. 📊 With 60% of accounts stacked short and the L/S ratio dropping to 0.63, hourly funding rates are actively bleeding counter-trend positions dry.
The futures discount has completely evaporated as derivative markets caught up to spot strength. 💡 Watch open interest closely here — if OI contracts while price consolidates, forced short covering will trigger the next liquidity sweep overhead. 💬 Are you riding this momentum squeeze or waiting for open interest to drop first? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #RLC #ShortSqueeze #Crypto #Trading
🔥 ⚡
The bears tried to wall off $RLC at 0.56, but relentless spot demand pushed price up to 0.97 while open interest skyrocketed to $26M. 📊 With 60% of accounts stacked short and the L/S ratio dropping to 0.63, hourly funding rates are actively bleeding counter-trend positions dry.
The futures discount has completely evaporated as derivative markets caught up to spot strength. 💡 Watch open interest closely here — if OI contracts while price consolidates, forced short covering will trigger the next liquidity sweep overhead. 💬 Are you riding this momentum squeeze or waiting for open interest to drop first? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #RLC #ShortSqueeze #Crypto #Trading
🔥 ⚡
