BNB 698, I’m shorting. The margin loan was borrowed for 12 hours and then added back more than 50,000 points—same group of people, same direction. Borrow again, stack again—harder than before.
With money piled up like this, what about the price? The two tops at 719 and 727 got pushed through, and then it turned around and shrank back under 700. Open interest gets cut by 3% a day, and the order book “buy wall” is so thin it’s like paper.
In 15 minutes, the large orders net inflow is 341 coins. Sure, they get received—but after it’s received, the price still doesn’t move. Fuel is topped up, and the car won’t go—doesn’t that sound like waiting to dump?
My short is hanging here; 698 is the short entry point from the rebound. If one day it breaks upward and holds above 727 on high volume, funding rates turn positive, and open interest rises with it, I’ll admit defeat and close. Until then, that little spark from the longs is borrowed fuel—the more full the tank, the more it looks like the last ladle. #bnb $BNB
With money piled up like this, what about the price? The two tops at 719 and 727 got pushed through, and then it turned around and shrank back under 700. Open interest gets cut by 3% a day, and the order book “buy wall” is so thin it’s like paper.
In 15 minutes, the large orders net inflow is 341 coins. Sure, they get received—but after it’s received, the price still doesn’t move. Fuel is topped up, and the car won’t go—doesn’t that sound like waiting to dump?
My short is hanging here; 698 is the short entry point from the rebound. If one day it breaks upward and holds above 727 on high volume, funding rates turn positive, and open interest rises with it, I’ll admit defeat and close. Until then, that little spark from the longs is borrowed fuel—the more full the tank, the more it looks like the last ladle. #bnb $BNB
