71% gain, but shorts still hold 60%?
MARSCOIN really went crazy today. In 8 hours, it jumped from 0.095 to 0.196, then pulled back to 0.175, with trading volume surging to $700 million.
The most interesting part is that the funding rate is only 0.025%, which is not extreme. That means this rally was not built on leverage.
What’s even stranger is the long-short ratio: 40% long vs 60% short. The price has skyrocketed, but most people are still betting on a pullback. This kind of divergence usually means two things: either the shorts get squeezed soon, or the bulls are running out of steam.
Looking at the candlesticks, the last 4-hour candle went straight from 0.113 to 0.181, and the volume was 10 times higher than the previous few candles. Real money is entering; this is not a fake breakout.
I tend to think this is the big players shaking out weak hands. If it doesn’t drop below 0.15 in the next 12 hours, the shorts will be forced to close, and it may make another push.
$MARSCOIN #轧空预警 #71%
Click the small card below to quickly check the market👇
MARSCOIN really went crazy today. In 8 hours, it jumped from 0.095 to 0.196, then pulled back to 0.175, with trading volume surging to $700 million.
The most interesting part is that the funding rate is only 0.025%, which is not extreme. That means this rally was not built on leverage.
What’s even stranger is the long-short ratio: 40% long vs 60% short. The price has skyrocketed, but most people are still betting on a pullback. This kind of divergence usually means two things: either the shorts get squeezed soon, or the bulls are running out of steam.
Looking at the candlesticks, the last 4-hour candle went straight from 0.113 to 0.181, and the volume was 10 times higher than the previous few candles. Real money is entering; this is not a fake breakout.
I tend to think this is the big players shaking out weak hands. If it doesn’t drop below 0.15 in the next 12 hours, the shorts will be forced to close, and it may make another push.
$MARSCOIN #轧空预警 #71%
Click the small card below to quickly check the market👇
