$LSK Four days up 20x. After I went through the order details, I only remembered one number: net active buying at 1.9%.
That means out of these 20x moves, fewer than 2% is actually money being paid for active buying by real people. The rest is all pushed upward by shorts getting liquidated—using other people’s liquidation orders as fuel.
The result of burning through the fuel today: down 24.8%, cutting from 0.8666 to 0.4377. Daily trading volume: 937 million U. Open positions left only 17.55 million U. Funding rate: -0.3647%. The shorts are paying. Three-period annualized over a day is nearly -400%. Those betting on it continuing to fall have crowded into a tight mass.
My level: if 0.4377 breaks, I’m looking at 0.40. If it rebounds but can’t reclaim 0.55, I won’t call it a bottom.
With the shorts crowded like this, if you bet on one needle of a rebound, are you still betting—or on continuing the kill?
#数据视角 #资金动向 #Real-time data
That means out of these 20x moves, fewer than 2% is actually money being paid for active buying by real people. The rest is all pushed upward by shorts getting liquidated—using other people’s liquidation orders as fuel.
The result of burning through the fuel today: down 24.8%, cutting from 0.8666 to 0.4377. Daily trading volume: 937 million U. Open positions left only 17.55 million U. Funding rate: -0.3647%. The shorts are paying. Three-period annualized over a day is nearly -400%. Those betting on it continuing to fall have crowded into a tight mass.
My level: if 0.4377 breaks, I’m looking at 0.40. If it rebounds but can’t reclaim 0.55, I won’t call it a bottom.
With the shorts crowded like this, if you bet on one needle of a rebound, are you still betting—or on continuing the kill?
#数据视角 #资金动向 #Real-time data