🔥 SLF Panic, delisting and a chance for a short squeeze
The exchange announced the delisting of $SLF
Over the year, the price collapsed by -94%, updating the historical minimum around $0.032.
Currently, staking for $SLF offers ~18% APR.
🩸 Why the market is in panic
Investors and traders are massively exiting the asset.
At the same time, there is a record number of shorts in the market, the funding rate is negative → a sign of overheating downward.
⏳ Important dates
September 8 — unlock 11.9M SLF (≈7% of circulation). This may exert selling pressure.
September 9 — forced closure of Margin shorts on Binance → possible offer deficit and start of squeeze.
🚀 Possible scenarios
Technical rebound — target $0.048–0.07 (+50–120%).
Intensified squeeze — target $0.08–0.12 (upon liquidation of shorts).
Dream up to $0.15 — requires hardcore squeeze and migration of liquidity outside Binance (chance lower, but possible).
🎯 My view
I bought more at $0.032. I will wait for a rebound on the wave of short closures.
I plan to take my first profits in the $0.048–0.07 zone.
If lucky and the squeeze drives the price — I would be happy to see $0.10–0.15.
⚡ Conclusion: Currently, $SLF is in the zone of historical lows, the market is overloaded with shorts, and the dates September 8–10 could be crucial for a powerful rebound.
#SLF #selfchain