Behind the 193% surge, shorts are still adding positions?
BULLA has pumped to $0.082 today, with 24-hour trading volume at 607 million USDT. It looks like the bulls are strong. But a closer look shows the funding rate is only 0.012%, so it’s not overheated; more importantly, the long/short ratio shows 67% of people are opening shorts — daring to short after such a rise means either seasoned traders are waiting for a pullback, or someone is betting it can’t hold.
The candlestick chart shows overall weakness over the past 8 hours, with no further breakout at the highs. At times like this, chasing longs carries significant risk, and the bears may have a point.
$BULLA #多空分歧 #67% shorts
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BULLA has pumped to $0.082 today, with 24-hour trading volume at 607 million USDT. It looks like the bulls are strong. But a closer look shows the funding rate is only 0.012%, so it’s not overheated; more importantly, the long/short ratio shows 67% of people are opening shorts — daring to short after such a rise means either seasoned traders are waiting for a pullback, or someone is betting it can’t hold.
The candlestick chart shows overall weakness over the past 8 hours, with no further breakout at the highs. At times like this, chasing longs carries significant risk, and the bears may have a point.
$BULLA #多空分歧 #67% shorts
Click the small card below to quickly view the market 👇
