$ASTR keeps dropping without end
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思域加密日记
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Bearish$ASTR Over the past 24 hours, it has fallen 15%. Current price: 0.0065. It has been paying short fees for 7 consecutive rounds. Open interest surged by 135.8% in 24 hours. Leverage is being built up rapidly.
Short fee + open interest exploding + retail chasing longs makes the structure fragile. A short squeeze may trigger a quick rebound, but the rebound is likely a chance to escape, not a reversal.
If the large-player long/short ratio starts to rise, open interest continues to expand, and the price holds steady, it means real money is entering; the squeeze could continue. Otherwise, after the bounce, it will probably drop again.
Don’t rush just because the funding rate is negative. With leverage built up too fast, be careful of getting harvested from both sides.
Short fee + open interest exploding + retail chasing longs makes the structure fragile. A short squeeze may trigger a quick rebound, but the rebound is likely a chance to escape, not a reversal.
If the large-player long/short ratio starts to rise, open interest continues to expand, and the price holds steady, it means real money is entering; the squeeze could continue. Otherwise, after the bounce, it will probably drop again.
Don’t rush just because the funding rate is negative. With leverage built up too fast, be careful of getting harvested from both sides.
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.