A few numbers: $INIT platform-wide account long/short ratio: 0.64; 24h price change: +65.74%.
The price is rising, yet shorts still outnumber longs. Quite a few traders are shorting against the trend, so beware of a short squeeze.
Looking at price action together with volume and open interest is more reliable than looking at sentiment alone. What do you make of this?
The price is rising, yet shorts still outnumber longs. Quite a few traders are shorting against the trend, so beware of a short squeeze.
Looking at price action together with volume and open interest is more reliable than looking at sentiment alone. What do you make of this?