$AKE right now smells not like a butter (dip), but like a trap for shorts.
I’m not looking at the price, but what’s happening inside the market.
OI is already $66.4M and +113% over the day. Almost 59% of traders are short, funding is positive, and shorts have already been liquidated by about $970K versus $306K for longs.
And this is where I wouldn’t rush to expect a drop.
It seems to me that $AKE could still push higher, build a new wave of liquidations—and only then set up a real correction. 😈
I’m not looking at the price, but what’s happening inside the market.
OI is already $66.4M and +113% over the day. Almost 59% of traders are short, funding is positive, and shorts have already been liquidated by about $970K versus $306K for longs.
And this is where I wouldn’t rush to expect a drop.
It seems to me that $AKE could still push higher, build a new wave of liquidations—and only then set up a real correction. 😈
