Like those temporary pop-up shops in a mall—people gather around first, but there aren’t many who really pay. The noise goes out first. $PROM Today it made the leaderboard; when I look at it, it feels more like leverage amplifying the hype—not spot funding being passed along.
Spot price is $2.669, up 7.49% in 24h, ranging from $2.21 to $2.783. It doesn’t look weak. But spot trading is only $7.80M, while contracts reached $66.74M; the trade ratio is 8.6x. I wouldn’t chase this kind of structure. The funding rate is still -0.0051%, which suggests shorts haven’t fully exited. Open interest is 2,217,477 PROM, and there are still people in the market pushing it higher.
I haven’t opened a $PROM position. I won’t chase new trades; I’ll place a limit order and try again near $2.48 for a 2% spot move. If it breaks below today’s intraday low, I’ll pull out. $PROM #PROM
Don’t YOLO. If you lose money, don’t blame me.
Spot price is $2.669, up 7.49% in 24h, ranging from $2.21 to $2.783. It doesn’t look weak. But spot trading is only $7.80M, while contracts reached $66.74M; the trade ratio is 8.6x. I wouldn’t chase this kind of structure. The funding rate is still -0.0051%, which suggests shorts haven’t fully exited. Open interest is 2,217,477 PROM, and there are still people in the market pushing it higher.
I haven’t opened a $PROM position. I won’t chase new trades; I’ll place a limit order and try again near $2.48 for a 2% spot move. If it breaks below today’s intraday low, I’ll pull out. $PROM #PROM
Don’t YOLO. If you lose money, don’t blame me.