Shorts account for 69.6%, but BTR is up 247%.
This combination is not common. Usually people think, "Most people are bearish, so the price will drop." But the reality is: when most people are short, you should be careful about getting squeezed.
Over the past 8 hours, BTR has risen from under 0.033 to 0.125โnearly a 4x increase. Trading volume is $570 million, and for a small coin, this level of activity is absolutely explosive. The candlestick pattern is a step-by-step climb upwardโno single huge green candle โfixesโ everything. Prices are raised little by little. This style often reflects capital being deliberately operated, not retail-driven sentiment.
The funding rate is 0.085%, slightly positive, indicating that longs are paying a cost to maintain this price. And what about the shorts? 69.6% of people choose to do the opposite, but the price just wonโt give them the chanceโclassic โwhere there are too many people, itโs not safe.โ
Right now the price is 0.1139. It still has some distance to the high of 0.1255, and itโs already very far from the low of 0.032.
Here are the two things Iโll focus on: first, whether shorts have started cutting lossesโonce this group is forced to close positions, it can actually create new buying pressure and potentially push it higher again; second, whether trading volume has started to shrink. The most recent candleโs volume has already noticeably dried up. If volume continues to contract, it means the breakout momentum is weakening.
After a 247% surge, itโs hard to say which direction it will take. But when the long/short ratio is this extreme, donโt just assume itโs โtoo high alreadyโ and casually try to top it.
$BTR #ๅค็ฉบๆฏๆ็ซฏ #247%ๆดๆถจ
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