The noisiest place is actually not spot. Spot for $0G is only $4.88M, while futures are already up to $20.13M, with a trading ratio of 4.1x. The price is at $0.2038, not far from the 24h high of $0.2094.
When something like this makes the leaderboard, I first treat it as an “emotion amplification” play, not as the start of a trend. The funding rate is only +0.0050%, which means chasing longs isn’t that aggressive, but open interest is still sitting at 38.87 million tokens, so people are already in the trade, just not yet squeezed into chaos.
I’m not chasing here. I’ll look to short around $0.209, with a stop a bit above the prior high. If it pulls back to the $0.1824 area, then I’ll reassess spot demand. The hype is real, and the move is indeed a bit fast. $0G #0G
When something like this makes the leaderboard, I first treat it as an “emotion amplification” play, not as the start of a trend. The funding rate is only +0.0050%, which means chasing longs isn’t that aggressive, but open interest is still sitting at 38.87 million tokens, so people are already in the trade, just not yet squeezed into chaos.
I’m not chasing here. I’ll look to short around $0.209, with a stop a bit above the prior high. If it pulls back to the $0.1824 area, then I’ll reassess spot demand. The hype is real, and the move is indeed a bit fast. $0G #0G