$MINA The cruelest part isn’t the ~15% rise; it’s that the shorts are still paying deep negative funding fees. I’m leaning long but I’m not chasing: the long side on the forum is shouting for a breakout, while the shorts are watching for a pullback—this fight isn’t over yet.
Binance spot 24h is about +14.6%, and U-margined spot volume is around $28.71 million; over the past ~2 hours, open interest (OI) has increased by 3.20%, yet the 8-hour funding rate is as low as -0.1706%, with 58.8% of all accounts being long. Having more accounts long while funding is deeply negative isn’t contradictory: one stat shows “how many accounts are on which side,” and the other reflects the pressure implied by the perpetuals relative index. Right now the mark price is still about 0.17% below the index—short pressure is real, and the squeeze fuel is still burning.
I won’t bet on direction around 0.094. Only if the 15-minute period breaks out on volume and closes above 0.0970, and then the 1-hour holds steady, will I look for the squeeze to keep going. A pullback to 0.0915–0.0925 on reduced volume that still holds is also observable. If the 1-hour closes below 0.0895, the rebound structure is invalidated.#MINA #MinaProtocol #多空分歧 #HotCoin
Binance spot 24h is about +14.6%, and U-margined spot volume is around $28.71 million; over the past ~2 hours, open interest (OI) has increased by 3.20%, yet the 8-hour funding rate is as low as -0.1706%, with 58.8% of all accounts being long. Having more accounts long while funding is deeply negative isn’t contradictory: one stat shows “how many accounts are on which side,” and the other reflects the pressure implied by the perpetuals relative index. Right now the mark price is still about 0.17% below the index—short pressure is real, and the squeeze fuel is still burning.
I won’t bet on direction around 0.094. Only if the 15-minute period breaks out on volume and closes above 0.0970, and then the 1-hour holds steady, will I look for the squeeze to keep going. A pullback to 0.0915–0.0925 on reduced volume that still holds is also observable. If the 1-hour closes below 0.0895, the rebound structure is invalidated.#MINA #MinaProtocol #多空分歧 #HotCoin
