Position update $NIGHT
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Will #NIGHTUSDT continue rising?
Here’s some information I’ve gathered:
- Successful Ledger 9 Upgrade: The mainnet has just released the Ledger 9 hard fork, introducing contract-to-contract calls and new cryptographic standards (ECDSA & secp256k1) for interoperability with BTC & ETH.
- Transactions Surpass 2 Million: On-chain activity surged, exceeding 2 million total transactions, with daily volume briefly reaching 4 times that of Zcash.
Binance Volume & Derivatives Data:
- Normal Profit-Taking: Spot volume fell ~21% as the price corrected—meaning the decline was dominated by short-term profit-taking, not panic selling.
- Short Squeeze Opportunity: Futures Open Interest increased, but the Funding Rate turned negative (-0.0068%). Many traders opened short positions near resistance. If buyers return, short liquidations could drive the price up quickly.
BTW, I’m still holding my position 😀
======
Will #NIGHTUSDT continue rising?
Here’s some information I’ve gathered:
- Successful Ledger 9 Upgrade: The mainnet has just released the Ledger 9 hard fork, introducing contract-to-contract calls and new cryptographic standards (ECDSA & secp256k1) for interoperability with BTC & ETH.
- Transactions Surpass 2 Million: On-chain activity surged, exceeding 2 million total transactions, with daily volume briefly reaching 4 times that of Zcash.
Binance Volume & Derivatives Data:
- Normal Profit-Taking: Spot volume fell ~21% as the price corrected—meaning the decline was dominated by short-term profit-taking, not panic selling.
- Short Squeeze Opportunity: Futures Open Interest increased, but the Funding Rate turned negative (-0.0068%). Many traders opened short positions near resistance. If buyers return, short liquidations could drive the price up quickly.
BTW, I’m still holding my position 😀
