I’m watching this pair, $RLC : shorts piled in all at once, and OI jumped 27% in an hour, while the price only slipped 1.9%.
The funding rate is deeply negative, which means shorts are now paying to hold their positions.
The order book is very thin, so even a slight push could trigger a sharp spike or drop.
I’m watching 0.4436 and 0.4288 below, and 0.4878 above.
The funding rate is deeply negative, which means shorts are now paying to hold their positions.
The order book is very thin, so even a slight push could trigger a sharp spike or drop.
I’m watching 0.4436 and 0.4288 below, and 0.4878 above.
