After I got out of the shower, my hair was still not fully dried. I saw that $ERA line already surged to the point where it was kind of fluttering.
This feeling is very similar to when, while applying makeup, you accidentally tremble a bit and put too much blush on—far away it looks lively, but up close you can tell it doesn’t look quite natural 😅
For it to make it onto the leaderboard today, I think it’s not just emotion running high.
The spot price is already at $0.0717, up 24.26% in 24 hours; the intraday high touched $0.074. This kind of surge shows that short-term attention really has arrived.
But what concerns me more is the structure.
Spot trading volume is only $4.20M, while the futures market has already gone up to $12.66M—directly 3x. That suggests many people aren’t here to accumulate slowly; they’re here to bet on volatility.
Even more uncomfortable is that the funding rate is still -0.5872%.
As the price rises, the rate is that low—it's like the shorts haven’t completely given up yet, and longs and shorts are tangled up here.
Also, open interest is at 50,192,400 ERA.
This isn’t like a single small bullish candle grew all by itself; it looks more like a bunch of positions are squeezed in here together, where whoever loosens their grip first looks worse.
So my attitude toward $ERA isn’t to chase.
It can get onto the leaderboard thanks to heat + leverage both pushing the hype up, but this kind of chart is most afraid of not having follow-through—especially when you spend the day drawing charts until your eyes are spinning, then come back at night and look at this K-line again; honestly, it makes me genuinely uneasy.
Do you think coins like this entering the leaderboard still have some room to run, or have they already started to overextend?
This post is just my own thoughts, not investment advice. $ERA #ERA
This feeling is very similar to when, while applying makeup, you accidentally tremble a bit and put too much blush on—far away it looks lively, but up close you can tell it doesn’t look quite natural 😅
For it to make it onto the leaderboard today, I think it’s not just emotion running high.
The spot price is already at $0.0717, up 24.26% in 24 hours; the intraday high touched $0.074. This kind of surge shows that short-term attention really has arrived.
But what concerns me more is the structure.
Spot trading volume is only $4.20M, while the futures market has already gone up to $12.66M—directly 3x. That suggests many people aren’t here to accumulate slowly; they’re here to bet on volatility.
Even more uncomfortable is that the funding rate is still -0.5872%.
As the price rises, the rate is that low—it's like the shorts haven’t completely given up yet, and longs and shorts are tangled up here.
Also, open interest is at 50,192,400 ERA.
This isn’t like a single small bullish candle grew all by itself; it looks more like a bunch of positions are squeezed in here together, where whoever loosens their grip first looks worse.
So my attitude toward $ERA isn’t to chase.
It can get onto the leaderboard thanks to heat + leverage both pushing the hype up, but this kind of chart is most afraid of not having follow-through—especially when you spend the day drawing charts until your eyes are spinning, then come back at night and look at this K-line again; honestly, it makes me genuinely uneasy.
Do you think coins like this entering the leaderboard still have some room to run, or have they already started to overextend?
This post is just my own thoughts, not investment advice. $ERA #ERA