$VVV set a new ATH and, it looks like, decided to test traders’ nerves at the same time 😂
OI +166%.
Price about +56%.
This ratio immediately caught my eye.
A new leverage position is entering the market way too fast.
But at the same time, the structure doesn’t yet look unhealthy: funding is low, OI is relatively small compared to capitalization, and buyers are even slightly more aggressive.
And the tastiest part is positioning.
The crowd shorts.
L/S = 0.57.
And top traders?
0.94.
Almost neutral.
So it seems like big money somehow doesn’t really want to play into the mass idea that everything will fall apart soon.
Also, supply for $VVV is gradually getting tighter: emissions are being cut, and some tokens are burned through the use of the API.
So I wouldn’t argue with the trend right now.
But chasing the ATH on maximum leverage is also a rather dubious pleasure 😂
I’m much more interested to see what happens after the first real, normal pullback.
OI +166%.
Price about +56%.
This ratio immediately caught my eye.
A new leverage position is entering the market way too fast.
But at the same time, the structure doesn’t yet look unhealthy: funding is low, OI is relatively small compared to capitalization, and buyers are even slightly more aggressive.
And the tastiest part is positioning.
The crowd shorts.
L/S = 0.57.
And top traders?
0.94.
Almost neutral.
So it seems like big money somehow doesn’t really want to play into the mass idea that everything will fall apart soon.
Also, supply for $VVV is gradually getting tighter: emissions are being cut, and some tokens are burned through the use of the API.
So I wouldn’t argue with the trend right now.
But chasing the ATH on maximum leverage is also a rather dubious pleasure 😂
I’m much more interested to see what happens after the first real, normal pullback.
