Behind the 42% surge, 60% of people are still betting on it falling.
MARSCOIN’s trading volume surged to $772 million today, with the price climbing from 0.095 to 0.196 before pulling back to 0.169. Looks strong? But the funding rate is only 0.0258%, and the long/short ratio shows 60% of positions are short.
What does that mean? Most people think this rally is over and are lining up to short it. The hourly chart has already closed three consecutive bearish candles, and it’s down 14% from the high.
I’ve seen too many situations like this: the price is still at a high level, but smart money has already started positioning the other way. I’m not saying it can’t keep running, but the risk-reward ratio for chasing longs is getting worse and worse.
$MARSCOIN #多空分歧 #60% short positions
Click the card below to quickly view the market👇
MARSCOIN’s trading volume surged to $772 million today, with the price climbing from 0.095 to 0.196 before pulling back to 0.169. Looks strong? But the funding rate is only 0.0258%, and the long/short ratio shows 60% of positions are short.
What does that mean? Most people think this rally is over and are lining up to short it. The hourly chart has already closed three consecutive bearish candles, and it’s down 14% from the high.
I’ve seen too many situations like this: the price is still at a high level, but smart money has already started positioning the other way. I’m not saying it can’t keep running, but the risk-reward ratio for chasing longs is getting worse and worse.
$MARSCOIN #多空分歧 #60% short positions
Click the card below to quickly view the market👇
