Bottom line first: USELESS rose 28% in a day, and 95% of this rally liquidated shorts, while longs are still paying to hold their positions.

Current price is 0.30, with a 24-hour high of 0.318 and low of 0.211. Binance and OKX gains are both around 28%, moving in the same direction.

In the last 4 hours, the entire market has seen $21.5 million in liquidations, 95.7% of which were shorts. OKX alone accounted for 40%, and Binance plus OKX together accounted for 75%. OKX's largest short orders climbed step by step from 0.274 to 0.318 before getting blown out, and the higher the price pushed, the more shorts lost while trying to hold on.

In the last hour, it was even more intense, with 97% still shorts.

Funding rates are rising too: Binance annualized at 71%, Bybit surging to 296%, and those chasing longs have to pay more for their positions.

The position rose 20.7% in one day to 134 million; Bybit and Binance each account for nearly 30%, and new money is still pouring in.

$USELESS $BTC

#爆仓数据 #funding rate

The shorts got blown out. How far do you think the longs can keep pushing this rally?

View in real time: https://www.coinboss.com/currencies/USELESS