The reason for the rise in $STRK is that the coin decided to transition from L2 to L1.
This transition impressed investors and attracted interest in the coin. We saw good liquidity flowing into it.
One thing that caught my attention is that after this rise, funding rates turned negative. This indicates that short positions are paying long positions, which could lead to further gains and trigger a short squeeze.
A rise toward the following targets is expected: 0.10646/0.10883/0.11500
The coin is experiencing strong momentum. We may see one last round of liquidations before a genuine move 👀
#MrAhmedBTC
This transition impressed investors and attracted interest in the coin. We saw good liquidity flowing into it.
One thing that caught my attention is that after this rise, funding rates turned negative. This indicates that short positions are paying long positions, which could lead to further gains and trigger a short squeeze.
A rise toward the following targets is expected: 0.10646/0.10883/0.11500
The coin is experiencing strong momentum. We may see one last round of liquidations before a genuine move 👀
#MrAhmedBTC