Just took a quick look at the data from $PROM —quite interesting.
The 24-hour increase is over 31%. It jumped from a low of 2.62 to 3.64. No matter when you look at it, this is a pretty intense surge.
But what caught my attention isn’t just the price increase—it’s the long/short structure:
Shorts make up a full 60%, while longs are only 40%.
In other words, most people are levering up to bet on it dropping—and they’ve been squeezed out all the way to where it is now.
This situation is called a "short squeeze": the more short positions there are, the more forced stop-loss liquidations happen when the price rises, which in turn pushes the price higher again, creating a stampede-style rally.
The funding rate is almost zero (0.005%), suggesting that not many people are chasing longs at high levels. Market sentiment is still fairly calm—no real FOMO.
Trading volume is about 70 million U, which for PROM counts as a clear expansion.
If the shorts haven’t been fully cleared yet, there may be some friction in the near term—though the risk of chasing orders at high levels is also not small. Better to watch and see whether the structure holds.
$PROM #空头挤压 #涨幅31%
Click the small card below to quickly check the market👇
The 24-hour increase is over 31%. It jumped from a low of 2.62 to 3.64. No matter when you look at it, this is a pretty intense surge.
But what caught my attention isn’t just the price increase—it’s the long/short structure:
Shorts make up a full 60%, while longs are only 40%.
In other words, most people are levering up to bet on it dropping—and they’ve been squeezed out all the way to where it is now.
This situation is called a "short squeeze": the more short positions there are, the more forced stop-loss liquidations happen when the price rises, which in turn pushes the price higher again, creating a stampede-style rally.
The funding rate is almost zero (0.005%), suggesting that not many people are chasing longs at high levels. Market sentiment is still fairly calm—no real FOMO.
Trading volume is about 70 million U, which for PROM counts as a clear expansion.
If the shorts haven’t been fully cleared yet, there may be some friction in the near term—though the risk of chasing orders at high levels is also not small. Better to watch and see whether the structure holds.
$PROM #空头挤压 #涨幅31%
Click the small card below to quickly check the market👇
