Lobster rate mean 0.043%. It’s now only 0.017%—the willingness of long positions to pay fees has been cut in half. This is a market where nobody is willing to buy for the upswing. The price fell from 0.188 and after a four-hour rebound it can’t even reach 0.148. The current price is hovering just below the moving average—so is this called a rebound? It’s basically delivering a breakout to trapped longs. Open interest evaporated 21% in a day; funds are running. Don’t catch a falling knife. Go short at 0.145. First target 0.1244; if it breaks down, it’s acceleration. Stop loss at 0.155; if price breaks the structure, admit you’re wrong and exit. If you trust them, your money will be gone.
