Shorts accounted for 65% of the positions, yet the coin price rose by 76%.
That’s today’s setup for the lobster. The long-to-short ratio is 3:7—on paper, the majority are bearish—but the price was pushed from 0.033 up to 0.065, nearly doubling.
There’s a name for this: short squeeze.
As more and more people go short, the price doesn’t fall—it keeps climbing. Continued upward momentum will force shorts to cut losses and close out. But closing shorts is equivalent to buying, which in turn pushes the price higher. This creates a feedback loop.
The current funding rate is 0.1%, indicating that longs are paying for their positions, though it hasn’t reached an extreme level yet. The capital involved is also substantial, with nearly $300 million in trading volume over the past 24 hours.
Looking at the 8-hour candlestick chart, the overall trend is bullish, but the most recent candle’s volume has noticeably shrunk—from 580 million down to 80 million. After the rally pushed to a high on expanding volume, it has started contracting. At this point, you should pay attention: does the momentum have enough to continue, or will it take a breather first?
The most intense moments of the long-versus-short battle are often the most dangerous. Get the direction right and the gains are huge; get it wrong and the losses are also large.
$龙虾 #空头踩踏 #76%涨幅
Click the small card below to quickly check the行情👇
That’s today’s setup for the lobster. The long-to-short ratio is 3:7—on paper, the majority are bearish—but the price was pushed from 0.033 up to 0.065, nearly doubling.
There’s a name for this: short squeeze.
As more and more people go short, the price doesn’t fall—it keeps climbing. Continued upward momentum will force shorts to cut losses and close out. But closing shorts is equivalent to buying, which in turn pushes the price higher. This creates a feedback loop.
The current funding rate is 0.1%, indicating that longs are paying for their positions, though it hasn’t reached an extreme level yet. The capital involved is also substantial, with nearly $300 million in trading volume over the past 24 hours.
Looking at the 8-hour candlestick chart, the overall trend is bullish, but the most recent candle’s volume has noticeably shrunk—from 580 million down to 80 million. After the rally pushed to a high on expanding volume, it has started contracting. At this point, you should pay attention: does the momentum have enough to continue, or will it take a breather first?
The most intense moments of the long-versus-short battle are often the most dangerous. Get the direction right and the gains are huge; get it wrong and the losses are also large.
$龙虾 #空头踩踏 #76%涨幅
Click the small card below to quickly check the行情👇
