Behind the 65% rise, the bulls have already crowded the doorway.
B surged to $0.2132 today, with 24-hour trading volume reaching 8.9 million U. The most eye-catching part was the last hourly candle—volume shot up to 40 million, more than ten times the previous candles. Such a sudden spike in volume usually points to news or big money entering the market.
But note that 71% of people are long, while shorts account for only 29%. When everyone is on the same side, the market is actually more likely to reverse. Three consecutive bullish candles are indeed strong, but before chasing higher prices, think carefully: if funding rates start moving up, could longs start to stampede?
I’d rather wait for a pullback confirmation than squeeze in at the peak of sentiment.
$B #暴涨行情 #71% bulls
Click the card below to quickly check the market👇
B surged to $0.2132 today, with 24-hour trading volume reaching 8.9 million U. The most eye-catching part was the last hourly candle—volume shot up to 40 million, more than ten times the previous candles. Such a sudden spike in volume usually points to news or big money entering the market.
But note that 71% of people are long, while shorts account for only 29%. When everyone is on the same side, the market is actually more likely to reverse. Three consecutive bullish candles are indeed strong, but before chasing higher prices, think carefully: if funding rates start moving up, could longs start to stampede?
I’d rather wait for a pullback confirmation than squeeze in at the peak of sentiment.
$B #暴涨行情 #71% bulls
Click the card below to quickly check the market👇
