🚀 $CT /USDT: What’s happening in the market? (Metric analysis)
Current price: ~0.496 USDT (+8.3%)
📊 Key figures and signals:
Open Interest (OI): Dropped from 13.8M to 8.3M following a local peak. This is a clear signal of capitulation or mass position closures/liquidations.
Funding Rate: Remains in negative territory (-0.066%), having briefly dipped to an extreme -0.137%.
Long/Short sentiment: Top traders are predominantly long (58.38% by volume), whereas short positions had dominated among the general market for an extended period.
⚠️ Conclusion and scenario:
The market has moved past the phase of actively shaking out short sellers. If the price holds current support and funding remains negative, there is a possibility of another upward short squeeze. However, a further rise in the share of long positions among retail traders could trigger a reversal sell-off.
Current price: ~0.496 USDT (+8.3%)
📊 Key figures and signals:
Open Interest (OI): Dropped from 13.8M to 8.3M following a local peak. This is a clear signal of capitulation or mass position closures/liquidations.
Funding Rate: Remains in negative territory (-0.066%), having briefly dipped to an extreme -0.137%.
Long/Short sentiment: Top traders are predominantly long (58.38% by volume), whereas short positions had dominated among the general market for an extended period.
⚠️ Conclusion and scenario:
The market has moved past the phase of actively shaking out short sellers. If the price holds current support and funding remains negative, there is a possibility of another upward short squeeze. However, a further rise in the share of long positions among retail traders could trigger a reversal sell-off.
