Saturday evening storage-sector scan—someone’s already dug themselves a hole of about nine points this week. Price barely moved today, yet perpetual-futures longs are packed in at around 75%, still paying top-dollar rent, with money continuing to pile in.
$FIL: up about +0.2% in a day/down about −8.6% in a week; account long/short ratio about 3.09→3.01 (around 75% long), funding at the cap at about +0.01%/8h, OI up about +6.1%. Price flat, seats packed tight, still paying top-dollar rent, and money still flowing in—don’t mistake 0.80 for a completed washout.
In the same market, $APT has around 70% in long positions, with deeply negative funding at about −0.017%/8h handing out subsidies.
With price soft and seats full, yet longs still paying top-dollar rent: is this consensus bottom-fishing, or a traffic jam at the exit? Drop counterexamples in the comments.
#midnovembermarket
$FIL: up about +0.2% in a day/down about −8.6% in a week; account long/short ratio about 3.09→3.01 (around 75% long), funding at the cap at about +0.01%/8h, OI up about +6.1%. Price flat, seats packed tight, still paying top-dollar rent, and money still flowing in—don’t mistake 0.80 for a completed washout.
In the same market, $APT has around 70% in long positions, with deeply negative funding at about −0.017%/8h handing out subsidies.
With price soft and seats full, yet longs still paying top-dollar rent: is this consensus bottom-fishing, or a traffic jam at the exit? Drop counterexamples in the comments.
#midnovembermarket
