56% of people are shorting, and it still went up 30%.
Today, the CYS market is kind of interesting—not because it’s up a lot, but because it’s up “against the odds.”
Based on the positioning data, there are still more than half of the contracts betting on a decline. The long-to-short ratio is 43:56, with shorts clearly having the advantage. However, the price was pushed from the low 0.618 all the way to 0.838—a full 30% increase.
This is a classic “short squeeze” stampede: the more short positions there are, the more people are forced to stop-loss and close when the price rises. And each closing order becomes a buy order, further pushing the price higher.
The funding rate is currently positive (0.037%), which means longs are starting to pay shorts—suggesting that longs are gradually building confidence, but it’s not to the “hype/mania” level yet.
Trading volume also confirms this: today’s total daily volume exceeds 54 million, the candles have kept closing green in succession, and especially the most recent big bullish candle’s volume is 3 times that of the prior few candles.
The key now: around 0.80 is short-term support. If the shorts still refuse to concede, this squeeze may not be over yet.
On the other hand, if the longs can’t hold this price, then the gains from earlier may turn into quick floating profit that disappears fast.
$CYS #空头挤压 #涨幅30%
Click the small card below to quickly view the行情👇
Today, the CYS market is kind of interesting—not because it’s up a lot, but because it’s up “against the odds.”
Based on the positioning data, there are still more than half of the contracts betting on a decline. The long-to-short ratio is 43:56, with shorts clearly having the advantage. However, the price was pushed from the low 0.618 all the way to 0.838—a full 30% increase.
This is a classic “short squeeze” stampede: the more short positions there are, the more people are forced to stop-loss and close when the price rises. And each closing order becomes a buy order, further pushing the price higher.
The funding rate is currently positive (0.037%), which means longs are starting to pay shorts—suggesting that longs are gradually building confidence, but it’s not to the “hype/mania” level yet.
Trading volume also confirms this: today’s total daily volume exceeds 54 million, the candles have kept closing green in succession, and especially the most recent big bullish candle’s volume is 3 times that of the prior few candles.
The key now: around 0.80 is short-term support. If the shorts still refuse to concede, this squeeze may not be over yet.
On the other hand, if the longs can’t hold this price, then the gains from earlier may turn into quick floating profit that disappears fast.
$CYS #空头挤压 #涨幅30%
Click the small card below to quickly view the行情👇
