$ZIL is the lowest active buy/sell ratio on the board today, at 0.572. This means the amount of active selling is close to about twice the amount of active buying.
Normally, this kind of order book action should fall, but it went up 4.0% today. And its funding rate is also negative (-0.037%), meaning shorts are paying.
With one side being pressed by active sell orders, and the other side being held up by shorts refusing to leave—eventually, one of these two groups has to concede first. I find this standoff quite strange.
My own bias is that the shorts will break down first, but I’m not very confident. Do you think the sell orders will finish first, or will the shorts close first? Not investment advice
#ZIL
Normally, this kind of order book action should fall, but it went up 4.0% today. And its funding rate is also negative (-0.037%), meaning shorts are paying.
With one side being pressed by active sell orders, and the other side being held up by shorts refusing to leave—eventually, one of these two groups has to concede first. I find this standoff quite strange.
My own bias is that the shorts will break down first, but I’m not very confident. Do you think the sell orders will finish first, or will the shorts close first? Not investment advice
#ZIL
