I saw +52% in a day.
First thought:
“That’s it. Late buyers will now become liquidity for someone else.”
I already started looking for where to find a short.
Then I opened derivatives.
And then it got unpleasant.
In the top 100 traders, long/short is 1.01:1.
So it’s practically a draw.
And for position holders, it's actually 0.69:1.
There are more shorts than longs.
Seriously?
The coin makes +52%, and a significant part of the positions is still against this move.
Then I looked at OI.
And this is where it gets even more interesting.
After the price exploded, OI didn’t fly off with it.
On the contrary.
About 669M → 643M AKE.
The price exploded.
And there are now fewer open positions.
So I can’t just say:
«the market stuffed up long and is now overheated».
No.
Maybe some positions just closed on the pump.
Maybe the shorts were giving the impression.
Maybe the main move came straight from the spot anyway.
But there’s one thing here that I don’t like anymore.
Funding suddenly spiked.
On the chart, there was a spike of about +0.14%.
And this could already become a problem.
Because after a move like that, the most dangerous traders are not the ones who bought at the start.
The most dangerous are those who saw +52% and decided they «need to make it in time».
If they start stuffing long en masse right now, AKE could get a very fragile structure.
But that hasn’t happened yet.
And that’s exactly why I don’t open a short just because of +52%.
My view is much simpler right now.
$0.013 is the main zone I want to see.
If AKE holds above it and returns to $0.0134–0.0138, and OI starts rising again along with the price—I don’t want to stand against a move like that.
On the contrary.
If $0.013 breaks, then this beautiful green candle starts looking totally different.
Especially because the whole pump started roughly from $0.0076.
And this is where it gets most interesting.
I came to AKE with the thought:
«+52% is already too much. We’re looking for a short».
And now I’m thinking:
«And what if shorts are exactly what’s fueling it?»
The price has already done half the work.
Now I want to see what happens to OI during the next spike.
If it starts growing together with the price, then the move can only gain strength.
But what if the price goes back down while OI is rising?
Then I won’t call it just a correction.
Then someone is making a very expensive mistake.
And that’s exactly what I’m watching right now on $AKE
