$INIT holders lost 21% in 24h, what’s next?
Trading volume hit $18M, about 1.2× its 7‑day average, showing heightened activity despite the dip. The token slid 15% over the week, outpacing Bitcoin’s 6% decline, signaling stronger bearish pressure.
Funding is –0.076%, meaning shorts are paying longs, while open interest fell 10% to $9M and the long‑short ratio sits at 0.98, hinting a near‑balanced but slightly short‑biased market.
💬 Outlook? INIT BinanceData
#INIT #BinanceData
Trading volume hit $18M, about 1.2× its 7‑day average, showing heightened activity despite the dip. The token slid 15% over the week, outpacing Bitcoin’s 6% decline, signaling stronger bearish pressure.
Funding is –0.076%, meaning shorts are paying longs, while open interest fell 10% to $9M and the long‑short ratio sits at 0.98, hinting a near‑balanced but slightly short‑biased market.
💬 Outlook? INIT BinanceData
#INIT #BinanceData
