Behind the 208% surge there is a dangerous signal: 66% of people are still short.
BULLA has been strengthening steadily over the past 8 hours, with trading volume surging to $550 million, but the long/short ratio shows most people are still betting on a decline. This kind of divergence usually means two things: either the shorts get badly burned, or the longs run out of steam and pull back quickly.
The funding rate of 0.12% is not extreme, which means leverage has not yet reached a dangerous level. The key is whether the previous high at 0.092 can be broken—if it moves above that level, short stop-losses will help push the price up faster.
I’m leaning toward some more upside in the short term, but chasing longs carries significant risk. In this kind of market, it’s better to wait for a pullback to stabilize, or simply watch from the sidelines.
$BULLA #逼空行情 #66% shorts
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BULLA has been strengthening steadily over the past 8 hours, with trading volume surging to $550 million, but the long/short ratio shows most people are still betting on a decline. This kind of divergence usually means two things: either the shorts get badly burned, or the longs run out of steam and pull back quickly.
The funding rate of 0.12% is not extreme, which means leverage has not yet reached a dangerous level. The key is whether the previous high at 0.092 can be broken—if it moves above that level, short stop-losses will help push the price up faster.
I’m leaning toward some more upside in the short term, but chasing longs carries significant risk. In this kind of market, it’s better to wait for a pullback to stabilize, or simply watch from the sidelines.
$BULLA #逼空行情 #66% shorts
Click the card below to quickly check the market👇