Originally, the doors were scheduled to open at 19:00, but right at the last moment they pushed it back to midnight. $AERO didn’t follow the script of “extension = bearish.” At 18:33 it probed at 0.489, then in six minutes it surged to 0.5011. In eight minutes, it成交ed 930,000 USDT. The news is real, and the panic that didn’t get sold is also real.
Before midnight, I’d rather ride this resilience. Binance perpetual OI for four hours increased 14.7%, funding rate was -0.0327%, and basis was -0.136%. Coinbase spot and Aerodrome’s main pool are both around 0.4976. The contracts aren’t lifting their own price—on the contrary, shorts are paying.
These five hours of volume and spreads will first stay in the outside spot market and DEX. The hardest part is for traders who mechanically translated “extension” into a bearish short position. Losing 0.489–0.492 is not the end—I’ll keep looking for 0.504–0.510. If the 15-minute candle reclaims 0.5011, that squeeze opens the door to the second leg. If it falls back below 0.489, then it means what happened earlier was only a brief squeeze, and my bullish bias is void.
#Aerodrome
Before midnight, I’d rather ride this resilience. Binance perpetual OI for four hours increased 14.7%, funding rate was -0.0327%, and basis was -0.136%. Coinbase spot and Aerodrome’s main pool are both around 0.4976. The contracts aren’t lifting their own price—on the contrary, shorts are paying.
These five hours of volume and spreads will first stay in the outside spot market and DEX. The hardest part is for traders who mechanically translated “extension” into a bearish short position. Losing 0.489–0.492 is not the end—I’ll keep looking for 0.504–0.510. If the 15-minute candle reclaims 0.5011, that squeeze opens the door to the second leg. If it falls back below 0.489, then it means what happened earlier was only a brief squeeze, and my bullish bias is void.
#Aerodrome