ONG took the lead in today’s top gainers, rising to #1 on the growth board—but did you know?—its main chain, ONT, hasn’t caught up yet 👀
Today BTC broke through $80,000 and the overall market saw broad gains. ONG surged all the way to $0.104, up 40%+ and becoming the hottest small/mid-cap of the day.
But in the Ontology ecosystem, another token—ONT (the Ontology main chain)—rose only 9.4%, and is still hovering around $0.0537.
Here’s where it gets interesting 👇
The current funding rate on the ONT contract is **-0.165%**. Shorts are “paying wages” to longs, suggesting there’s a group of traders betting bearish on ONT, or even shorting it. But if ONG’s narrative keeps spreading and the Web3 identity track continues to heat up, once these shorts can’t hold on… the story of a short squeeze begins.
The contract’s OI remains at 75.28M ONT. Shorts haven’t made any large-scale exit, and bulls and bears are still stuck in a stalemate.
Just keep in mind—
📍 ONT needs volume confirmation; a breakout above $0.056 on increased volume is what actually confirms the direction
📍 The broader market is up too, but BTC’s rally is still lukewarm—how long altcoin enthusiasm can last is the key
No absolute predictions—just the data in front of you. Judge for yourself 😉
#ONT #Ontology #山寨季 #Web3 #BTC破八万
Click the small card below to quickly check the行情👇
Today BTC broke through $80,000 and the overall market saw broad gains. ONG surged all the way to $0.104, up 40%+ and becoming the hottest small/mid-cap of the day.
But in the Ontology ecosystem, another token—ONT (the Ontology main chain)—rose only 9.4%, and is still hovering around $0.0537.
Here’s where it gets interesting 👇
The current funding rate on the ONT contract is **-0.165%**. Shorts are “paying wages” to longs, suggesting there’s a group of traders betting bearish on ONT, or even shorting it. But if ONG’s narrative keeps spreading and the Web3 identity track continues to heat up, once these shorts can’t hold on… the story of a short squeeze begins.
The contract’s OI remains at 75.28M ONT. Shorts haven’t made any large-scale exit, and bulls and bears are still stuck in a stalemate.
Just keep in mind—
📍 ONT needs volume confirmation; a breakout above $0.056 on increased volume is what actually confirms the direction
📍 The broader market is up too, but BTC’s rally is still lukewarm—how long altcoin enthusiasm can last is the key
No absolute predictions—just the data in front of you. Judge for yourself 😉
#ONT #Ontology #山寨季 #Web3 #BTC破八万
Click the small card below to quickly check the行情👇
