57% of traders are short, but the price has surged 110% — shorts have been squeezed hard.
MARSCOIN has seen a classic short squeeze over the past 8 hours. Trading volume surged to 576 million U, and the price rose from 0.062 to a high of 0.142, currently pulling back to around 0.131.
Interestingly, even though bulls have already taken control of the price trend, the funding rate is only 0.016%, which suggests market sentiment has not yet fully turned euphoric. Shorts account for 57% versus 43% longs, and this level of crowding looks especially dangerous after such a sharp rally.
The candlestick chart shows that every leg higher has been accompanied by rising volume, so the buying is real. But if shorts keep closing positions, there could still be some momentum-driven upside; conversely, if longs take profits, the pullback could also be steep.
In a move like this, chasing strength or selling weakness is the easiest way to get hit on both sides. Better wait until the direction is clearer.
$MARSCOIN #轧空行情 #110%
Tap the card below to quickly view the market👇
MARSCOIN has seen a classic short squeeze over the past 8 hours. Trading volume surged to 576 million U, and the price rose from 0.062 to a high of 0.142, currently pulling back to around 0.131.
Interestingly, even though bulls have already taken control of the price trend, the funding rate is only 0.016%, which suggests market sentiment has not yet fully turned euphoric. Shorts account for 57% versus 43% longs, and this level of crowding looks especially dangerous after such a sharp rally.
The candlestick chart shows that every leg higher has been accompanied by rising volume, so the buying is real. But if shorts keep closing positions, there could still be some momentum-driven upside; conversely, if longs take profits, the pullback could also be steep.
In a move like this, chasing strength or selling weakness is the easiest way to get hit on both sides. Better wait until the direction is clearer.
$MARSCOIN #轧空行情 #110%
Tap the card below to quickly view the market👇
