Just noticed a pretty interesting phenomenon—$PROM jumped nearly 44% today, surging from a low of 2.622 up to 4.055. Trading volume exceeded 200 million USDT, clearly a move driven by incoming capital.
But oddly, despite such a big rally, short positions make up 58%, while longs are only 41%.
In other words, most people who opened contracts… are shorting.
This situation has a name: “short squeeze”—when price is pushed upward forcefully against the direction of most participants, shorts are forced to stop out, which further drives the price higher and creates a chain reaction.
The funding rate is currently only 0.005%, indicating that longs haven’t gone completely crazy adding leverage to chase the rally. This upswing is more driven by spot buying/short liquidation rather than longs疯狂疯狂疯狂 going all-in.
From the candlestick chart: the past 8 hours have been an overall strengthening pattern—each candle is basically closing up or dropping slightly before rallying again.
For regular users: in this structure of “most people are short, yet it’s still going up,” the risk is two-way—shorts could be forced further at any time, but chasing longs at high levels can also get hit by a sudden reversal. It’s more stable to wait for a pullback and confirmation than to blindly follow.
$PROM #逼空行情 #暴涨44%
Click the small card below to quickly check the market 👇
But oddly, despite such a big rally, short positions make up 58%, while longs are only 41%.
In other words, most people who opened contracts… are shorting.
This situation has a name: “short squeeze”—when price is pushed upward forcefully against the direction of most participants, shorts are forced to stop out, which further drives the price higher and creates a chain reaction.
The funding rate is currently only 0.005%, indicating that longs haven’t gone completely crazy adding leverage to chase the rally. This upswing is more driven by spot buying/short liquidation rather than longs疯狂疯狂疯狂 going all-in.
From the candlestick chart: the past 8 hours have been an overall strengthening pattern—each candle is basically closing up or dropping slightly before rallying again.
For regular users: in this structure of “most people are short, yet it’s still going up,” the risk is two-way—shorts could be forced further at any time, but chasing longs at high levels can also get hit by a sudden reversal. It’s more stable to wait for a pullback and confirmation than to blindly follow.
$PROM #逼空行情 #暴涨44%
Click the small card below to quickly check the market 👇
