Short positions $CELR : for every 100U, they pay an extra 0.48U overnight—annualized, the cost of holding shorts rockets to 83%. They smashed 20% and are still working hard to collect protection fees. Who’s in such a hurry to raise chips?
The party that’s急 is the shorts. The funding rate stays deep at -0.1608% and remains high, which suggests the shorts are adding rather than closing. The price has been hammered from 0.00523 down to 0.003127, a drop of 40%. The shorts are sitting on substantial unrealized gains, but they haven’t run—on spot volume of 750 million and in a small-cap like CELR, such a concentration of positions is either backed by real information, or it’s forcing the counterparty to liquidate. Going forward, it’s unlikely to see low-volume follow-through selling. Hitting this level of 0.003127 is the floor for this round; if it breaks, watch for 0.0028.
#CELR
The party that’s急 is the shorts. The funding rate stays deep at -0.1608% and remains high, which suggests the shorts are adding rather than closing. The price has been hammered from 0.00523 down to 0.003127, a drop of 40%. The shorts are sitting on substantial unrealized gains, but they haven’t run—on spot volume of 750 million and in a small-cap like CELR, such a concentration of positions is either backed by real information, or it’s forcing the counterparty to liquidate. Going forward, it’s unlikely to see low-volume follow-through selling. Hitting this level of 0.003127 is the floor for this round; if it breaks, watch for 0.0028.
#CELR