š Today, one coin is taking over the Binance leaderboard: INIT is up +65.5% in 24 hours, reaching $0.2132.
š 3 stats for today:
ā¢ INIT saw $20.2M in trading volume today, and its futures open interest grew +89%. Its funding rate is ā1.24%: short sellers are paying a lot to bet on prices falling.
ā¢ In the red: ARB ā9.0% ($0.1635) and $ZEC ā6.1% ($1,147), which is also the 3rd highest-volume pair ($156.4M).
ā¢ The rest of the market is calming down: $BTC ā0.7% ($74,216), ETH ā1.8%, and the Fear and Greed Index rises from 29 to 32 (still in fear).
š Why it matters: a 65% surge with short sellers paying such a high funding rate often brings a lot of volatility in both directions. I couldnāt find any confirmed news explaining the move; these are just the numbers.
Would you buy coins that are already up 65%, or wait? š
#INIT #Altcoins #MercadoCripto #Cripto #Tra100d
ā ļø For informational and educational purposes only; this is not financial advice. Cryptocurrencies are volatile: do your own research and trade with caution.
š 3 stats for today:
ā¢ INIT saw $20.2M in trading volume today, and its futures open interest grew +89%. Its funding rate is ā1.24%: short sellers are paying a lot to bet on prices falling.
ā¢ In the red: ARB ā9.0% ($0.1635) and $ZEC ā6.1% ($1,147), which is also the 3rd highest-volume pair ($156.4M).
ā¢ The rest of the market is calming down: $BTC ā0.7% ($74,216), ETH ā1.8%, and the Fear and Greed Index rises from 29 to 32 (still in fear).
š Why it matters: a 65% surge with short sellers paying such a high funding rate often brings a lot of volatility in both directions. I couldnāt find any confirmed news explaining the move; these are just the numbers.
Would you buy coins that are already up 65%, or wait? š
#INIT #Altcoins #MercadoCripto #Cripto #Tra100d
ā ļø For informational and educational purposes only; this is not financial advice. Cryptocurrencies are volatile: do your own research and trade with caution.