$PHA 24h fell 16.214%, current price 0.06698 is almost at the 24h low 0.06542—yet in this one hour the position value was reduced by 8.71%!
It’s not new shorts pressing down; longs themselves are withdrawing: the aggressive buy-sell ratio is 0.844, sell-side orders are favored, and the trading value is 1.23 times.
Funding rate +0.005%. Long-side “rental” is so thin it’s negligible—there’s no crowding.
The current price has pulled away from 0.07155 from one hour ago by a noticeable margin; within 15 minutes it has only inched up 0.25%. Holding 0.06542 and bringing the buy-sell ratio back above 1 counts as a turnaround and a stop to the down move. If it breaks below 0.06542 and positions continue to shrink, then the exit still isn’t finished.
#PHA
It’s not new shorts pressing down; longs themselves are withdrawing: the aggressive buy-sell ratio is 0.844, sell-side orders are favored, and the trading value is 1.23 times.
Funding rate +0.005%. Long-side “rental” is so thin it’s negligible—there’s no crowding.
The current price has pulled away from 0.07155 from one hour ago by a noticeable margin; within 15 minutes it has only inched up 0.25%. Holding 0.06542 and bringing the buy-sell ratio back above 1 counts as a turnaround and a stop to the down move. If it breaks below 0.06542 and positions continue to shrink, then the exit still isn’t finished.
#PHA
