It’s up 28%, but the shorts are actually higher—this is rather unusual.
Today, HEMI’s intraday high touched 0.01493. From the low of 0.0102, that’s a gain of nearly 46%. In the past 24 hours, trading volume exceeded $83 million, and the volume was very high.
But the short position ratio is 54%, while longs are only 45.7%—not something you commonly see in a blow-off rally. Usually when a coin jumps this hard, shorts would have already been squeezed out. What should remain is long dominance—yet it’s the opposite now.
So what does it indicate? Perhaps some people feel this rally is moving too fast and opened shorts at high levels betting on a pullback. It’s also possible that arbitrage positions are hedging. In recent hours, several consecutive hourly candlesticks have closed bullish, but the previous one showed a very long upper wick—peaking at 0.01493 before dropping back. That suggests there is real sell pressure at that level.
The funding rate is 0.000157, which isn’t high. That means the cost paid by longs to shorts is relatively low, so shorts don’t have to feel too uncomfortable. They can likely continue propping this up for a while.
In this situation, focus on two things: If the price keeps pushing higher and breaks above today’s high, shorts will be forced to cover, potentially triggering a cascading squeeze upward. If it drops below 0.013 on lower volume, then those shorts win.
Trading volume is the key—whether it’s there or not makes the chart tell a completely different story.
$HEMI #空头不信涨 #28% unusually many longs and shorts
Click the small card below to quickly check the market👇
Today, HEMI’s intraday high touched 0.01493. From the low of 0.0102, that’s a gain of nearly 46%. In the past 24 hours, trading volume exceeded $83 million, and the volume was very high.
But the short position ratio is 54%, while longs are only 45.7%—not something you commonly see in a blow-off rally. Usually when a coin jumps this hard, shorts would have already been squeezed out. What should remain is long dominance—yet it’s the opposite now.
So what does it indicate? Perhaps some people feel this rally is moving too fast and opened shorts at high levels betting on a pullback. It’s also possible that arbitrage positions are hedging. In recent hours, several consecutive hourly candlesticks have closed bullish, but the previous one showed a very long upper wick—peaking at 0.01493 before dropping back. That suggests there is real sell pressure at that level.
The funding rate is 0.000157, which isn’t high. That means the cost paid by longs to shorts is relatively low, so shorts don’t have to feel too uncomfortable. They can likely continue propping this up for a while.
In this situation, focus on two things: If the price keeps pushing higher and breaks above today’s high, shorts will be forced to cover, potentially triggering a cascading squeeze upward. If it drops below 0.013 on lower volume, then those shorts win.
Trading volume is the key—whether it’s there or not makes the chart tell a completely different story.
$HEMI #空头不信涨 #28% unusually many longs and shorts
Click the small card below to quickly check the market👇
