61% of people are still short, yet the price has risen by nearly 60%.
MARSCOIN today played out a classic short squeeze: it ran from 0.107 all the way up to a high of 0.214, and has now pulled back to 0.1936, with trading volume stacking up to $815 million. The funding rate has already risen to 0.0487%, indicating that longs have started paying shorts.
But interestingly, short positions still account for as much as 61%. That means two things: either shorts are waiting for a pullback to add to their positions, or they are betting that this rally cannot hold. The 8-hour candlestick chart shows the overall trend is strengthening, but the most recent candles have started to move sideways.
When long and short views diverge this much, volatility usually intensifies. If you are already in the market, pay attention to the previous high at 0.214 and the support zone at 0.188; if you are waiting on the sidelines, it is not too late to act after the direction becomes clearer.
$MARSCOIN #空头挤压 #61% short position ratio
Click the small card below to quickly check the market👇
MARSCOIN today played out a classic short squeeze: it ran from 0.107 all the way up to a high of 0.214, and has now pulled back to 0.1936, with trading volume stacking up to $815 million. The funding rate has already risen to 0.0487%, indicating that longs have started paying shorts.
But interestingly, short positions still account for as much as 61%. That means two things: either shorts are waiting for a pullback to add to their positions, or they are betting that this rally cannot hold. The 8-hour candlestick chart shows the overall trend is strengthening, but the most recent candles have started to move sideways.
When long and short views diverge this much, volatility usually intensifies. If you are already in the market, pay attention to the previous high at 0.214 and the support zone at 0.188; if you are waiting on the sidelines, it is not too late to act after the direction becomes clearer.
$MARSCOIN #空头挤压 #61% short position ratio
Click the small card below to quickly check the market👇