58% of people went short, and the price still surged by 30%.
Today’s PROM is exactly this kind of setup. Most participants bet on a decline, but the price rocketed from 2.683 all the way to 4.055, and ultimately closed around 3.727. The shorts didn’t just barely win—they got hit in the face, properly.
This situation has a name: “short squeeze.” The more shorts there are, the more forced-liquidation buy-ins pile up when price turns the other way—turning it into fuel for the rally.
Look at the funding rate too: only 0.005%, essentially zero. That suggests this upswing wasn’t built on heavily leveraged long positions stacked up—there was no “borrowed power” for the bulls. The rise was actually more solid.
Trading volume also says a lot: just over 300 million. For PROM’s scale, that’s quite significant.
Now we’re at a level after a pullback from the intraday high of 4.055—currently 3.727. Some of the 58% of shorts are still not out yet. If the shorts keep resisting, the market may remain choppy; if they start giving up in large numbers, there could be another leg.
Of course, chasing after a 30% surge in the first place is risky. And don’t forget the low at 2.683 isn’t that far from here—when volatility is this high, both sides can hurt.
$PROM #空头挤压 #30% surge
Click the small card below to quickly check the行情👇
Today’s PROM is exactly this kind of setup. Most participants bet on a decline, but the price rocketed from 2.683 all the way to 4.055, and ultimately closed around 3.727. The shorts didn’t just barely win—they got hit in the face, properly.
This situation has a name: “short squeeze.” The more shorts there are, the more forced-liquidation buy-ins pile up when price turns the other way—turning it into fuel for the rally.
Look at the funding rate too: only 0.005%, essentially zero. That suggests this upswing wasn’t built on heavily leveraged long positions stacked up—there was no “borrowed power” for the bulls. The rise was actually more solid.
Trading volume also says a lot: just over 300 million. For PROM’s scale, that’s quite significant.
Now we’re at a level after a pullback from the intraday high of 4.055—currently 3.727. Some of the 58% of shorts are still not out yet. If the shorts keep resisting, the market may remain choppy; if they start giving up in large numbers, there could be another leg.
Of course, chasing after a 30% surge in the first place is risky. And don’t forget the low at 2.683 isn’t that far from here—when volatility is this high, both sides can hurt.
$PROM #空头挤压 #30% surge
Click the small card below to quickly check the行情👇
