$US This reversal isn’t driven by爆空头 pushing it up.
At 4 PM, US was still down 23% for the day. At 7 PM it started rising from 0.0184; within three hours it jumped to 0.0257, up nearly 40%. Now Binance and Bybit are both above 0.025, and in the past 24 hours it flipped from down to up 24%.
So aggressive—after 4 hours, the short squeeze on the empty positions only blew up $52,000. Binance’s position value rose by more than 30%, but when converted into coin count, it actually decreased by 2%. The only thing that went up was the price—no new positions followed.
Longs are also pulling out. Binance’s long accounts dropped from 57% to 54%, and the longs have been paying funding for 12 consecutive periods.
If there’s no new money coming in to take the bid, do you dare to chase it?
View in real time: https://www.coinboss.com/zh/open-interest/US