ETC suddenly got spammed, and inside the Binance Square it seems like everyone is talking about it. But if you open the chart and take a look—it's only up 1.59%. Is this celebration really worth all the commotion?
In the past 48 hours, the discussion volume reached 12,423 posts. The usual 5-day average is only 1,566 posts—this is a direct jump of 7.93x.
Price: $8.95. Up 1.59% in the last 24 hours. Spot trading volume is only $30.94 million.
Yet open interest is $112.24 million—more than 3.6x the spot volume.
Liquidations total $391,500. Of that, $221,100 came from long positions and $170,400 from short positions—longs got liquidated more, so it wasn’t shorts being forced out of a squeeze.
The sources only include browsing and engagement data from Binance Square. There are no specific tweets, no announcements, and no on-chain events. So you can’t really verify who is spreading what.
No need to wait for a drop—this combination of news volume and price not matching has historically failed only a few times. There’s just one way the situation can turn around: spot trading volume truly expands and the price keeps up on its own, not by stacking attention through content. Until then, I’m not buying into this run.
$ETC #EthereumClassic #Crypto
In the past 48 hours, the discussion volume reached 12,423 posts. The usual 5-day average is only 1,566 posts—this is a direct jump of 7.93x.
Price: $8.95. Up 1.59% in the last 24 hours. Spot trading volume is only $30.94 million.
Yet open interest is $112.24 million—more than 3.6x the spot volume.
Liquidations total $391,500. Of that, $221,100 came from long positions and $170,400 from short positions—longs got liquidated more, so it wasn’t shorts being forced out of a squeeze.
The sources only include browsing and engagement data from Binance Square. There are no specific tweets, no announcements, and no on-chain events. So you can’t really verify who is spreading what.
No need to wait for a drop—this combination of news volume and price not matching has historically failed only a few times. There’s just one way the situation can turn around: spot trading volume truly expands and the price keeps up on its own, not by stacking attention through content. Until then, I’m not buying into this run.
$ETC #EthereumClassic #Crypto