63% of people are shorting, and the lobster is already down by nearly 24%.
Such one-sided positioning often hides two possibilities: either everyone keeps getting swept up in the stampede, or a sudden short squeeze hits. The past 3 hourly K-lines have all been bearish, which shows the shorts are currently in control.
Trading volume of $58 million isn’t small, but the price has been dumped from 0.075 to 0.056—there’s strong sell pressure. The funding rate is only 0.005%, suggesting neither side is being overly aggressive.
I’m not going to rush to bottom-fish now. I’ll wait until the positioning ratio normalizes a bit. Under this kind of extreme sentiment, the volatility often isn’t over yet.
$Lobster #轧空预警 #63% Shorts
Click the small card below to quickly check the market trend👇
Such one-sided positioning often hides two possibilities: either everyone keeps getting swept up in the stampede, or a sudden short squeeze hits. The past 3 hourly K-lines have all been bearish, which shows the shorts are currently in control.
Trading volume of $58 million isn’t small, but the price has been dumped from 0.075 to 0.056—there’s strong sell pressure. The funding rate is only 0.005%, suggesting neither side is being overly aggressive.
I’m not going to rush to bottom-fish now. I’ll wait until the positioning ratio normalizes a bit. Under this kind of extreme sentiment, the volatility often isn’t over yet.
$Lobster #轧空预警 #63% Shorts
Click the small card below to quickly check the market trend👇
