56% of people are holding short positions on HEMI, but it’s up 35% today.
That’s the most interesting part of today.
HEMI’s long/short ratio today—there are more people shorting than going long, and more than half of open positions are for a downside move.
But the market doesn’t cooperate at all. It’s been pulled all the way from the low of 0.0083 to 0.0129, up a full 35%.
This situation has a professional term: “shorts squeezing longs.” Shorts are forced to cover, and the covering activity itself pushes the price up, creating positive feedback. Put simply: the more shorts there are, the more violently it can rally once it starts going up.
The volume isn’t small either. Today’s trading value is close to $250 million—this isn’t small-scale activity.
Three consecutive bullish candles, each one climbing higher. The bears still haven’t found a chance to push it down.
The question now is: how much of those 56% short positions have actually been covered? If there are still a lot of shorts not closed, the price may keep being pushed higher. If most shorts have basically been cleared out, the upward momentum will weaken.
The funding rate is currently still within a normal range—there’s no extreme sentiment. Within this move, the trend is still relatively healthy.
$HEMI #空逼多 #35% surge
Click the small card below to quickly check the market👇
That’s the most interesting part of today.
HEMI’s long/short ratio today—there are more people shorting than going long, and more than half of open positions are for a downside move.
But the market doesn’t cooperate at all. It’s been pulled all the way from the low of 0.0083 to 0.0129, up a full 35%.
This situation has a professional term: “shorts squeezing longs.” Shorts are forced to cover, and the covering activity itself pushes the price up, creating positive feedback. Put simply: the more shorts there are, the more violently it can rally once it starts going up.
The volume isn’t small either. Today’s trading value is close to $250 million—this isn’t small-scale activity.
Three consecutive bullish candles, each one climbing higher. The bears still haven’t found a chance to push it down.
The question now is: how much of those 56% short positions have actually been covered? If there are still a lot of shorts not closed, the price may keep being pushed higher. If most shorts have basically been cleared out, the upward momentum will weaken.
The funding rate is currently still within a normal range—there’s no extreme sentiment. Within this move, the trend is still relatively healthy.
$HEMI #空逼多 #35% surge
Click the small card below to quickly check the market👇
