$SHELL is up 70% and open interest went 5x in a day, but funding is -0.066%. so shorts are paying longs to stay in. that's a lot of people betting against a vertical candle.
the one i keep staring at is $SOXL though. down 13%, OI cut by a fifth, and retail is 3.6x long while top traders are net short at 0.86. two completely different crowds on the same chart.
i usually side with the bigger accounts when they split like this, but it gets ugly when the small guys finally capitulate.
#Futures #Binance
the one i keep staring at is $SOXL though. down 13%, OI cut by a fifth, and retail is 3.6x long while top traders are net short at 0.86. two completely different crowds on the same chart.
i usually side with the bigger accounts when they split like this, but it gets ugly when the small guys finally capitulate.
#Futures #Binance