$OGN 𝗶𝘀 𝘂𝗽 𝟰𝟵% 𝗶𝗻 𝟮𝟰 𝗵𝗼𝘂𝗿𝘀, 𝗮𝗻𝗱 𝘀𝗵𝗼𝗿𝘁𝘀 𝗽𝗮𝗶𝗱 𝗳𝗼𝗿 𝗺𝗼𝘀𝘁 𝗼𝗳 𝗶𝘁.
Origin Protocol went from about $0.021 to above $0.031, with the bulk of the move landing in the last three hours.
On Binance Futures, open interest more than doubled today while funding sat deep negative, near -0.65% per 4 hours. That's a crowded short getting squeezed.
There's no fresh announcement from the team behind it, so this looks like positioning, not news. Squeezes like this often cool once funding resets.
Still running, or already done?
NFA.
#OriginProtocol #ShortSqueeze
Origin Protocol went from about $0.021 to above $0.031, with the bulk of the move landing in the last three hours.
On Binance Futures, open interest more than doubled today while funding sat deep negative, near -0.65% per 4 hours. That's a crowded short getting squeezed.
There's no fresh announcement from the team behind it, so this looks like positioning, not news. Squeezes like this often cool once funding resets.
Still running, or already done?
NFA.
#OriginProtocol #ShortSqueeze