$ONE 1 hours down 6.06%, funding rate -0.485%. The shorts are every minute sending money into the longs’ accounts!
But the price hasn’t stopped falling: the 1-hour trading volume is only 0.63 times the 24h average. The ratio of active buy/sell is 0.87; for the last 15 minutes it’s 0.895—sell orders are being consumed. Position size has decreased 6.23% to 9.685 million—shrinking volume and a slow bearish drift along with de-risking: the longs are cutting losses and exiting, not a case of new short pressure. The current price 0.00219 is approaching the 24h low of 0.0019128. Only if it reclaims above 0.0023313 from one hour ago can a squeeze be seriously considered with a negative funding rate. If it breaks below 0.0019128, even a more negative funding rate can’t hold it up.
#ONE
But the price hasn’t stopped falling: the 1-hour trading volume is only 0.63 times the 24h average. The ratio of active buy/sell is 0.87; for the last 15 minutes it’s 0.895—sell orders are being consumed. Position size has decreased 6.23% to 9.685 million—shrinking volume and a slow bearish drift along with de-risking: the longs are cutting losses and exiting, not a case of new short pressure. The current price 0.00219 is approaching the 24h low of 0.0019128. Only if it reclaims above 0.0023313 from one hour ago can a squeeze be seriously considered with a negative funding rate. If it breaks below 0.0019128, even a more negative funding rate can’t hold it up.
#ONE
