The bottom breakout行情 of the “mingpai” has already arrived—yet somehow people still refuse to believe and deliberately rush headlong into the line of fire.
On the XTZ daily chart, the bottom has already completed a breakout, and the 4-hour RSI has climbed into a strong zone at 78.4. As the price keeps being pushed higher, the funding rate has been smashed down to an extreme negative value, -0.003798.
Price goes up, but the funding rate goes down. This rare divergence indicates that the entire board is full of stubborn short positions. With technicals strengthening and an extremely crowded short book, it won’t be able to kill the price—instead, it provides plenty of fuel for the next leg up and sets the stage for a squeeze. In this game, I expect the shorts to get blown up.
#XTZ
On the XTZ daily chart, the bottom has already completed a breakout, and the 4-hour RSI has climbed into a strong zone at 78.4. As the price keeps being pushed higher, the funding rate has been smashed down to an extreme negative value, -0.003798.
Price goes up, but the funding rate goes down. This rare divergence indicates that the entire board is full of stubborn short positions. With technicals strengthening and an extremely crowded short book, it won’t be able to kill the price—instead, it provides plenty of fuel for the next leg up and sets the stage for a squeeze. In this game, I expect the shorts to get blown up.
#XTZ