With this drop in JTO, positions are pulling back—big players are doubling down as they go.

Sometime after 8 p.m. it surged to 0.5727, the day’s high. From 9 o’clock it kept trending downward. At 11:19 it touched 0.5243, and over three hours it fell 8.5%. It’s now around 0.537, down a little over 3% over the last 24 hours.

Long positions liquidated after 9 o'clock amount to about $110,000, while short positions are only $247. The largest single liquidation is $9,774—leveraged longs aren’t getting squeezed.

The positions were being reduced. Binance’s holdings peaked at 24.59 million coins at 9 o’clock, then dropped to 23.64 million by 11:30, down by 0.95 million coins—nearly 4%.

Among Binance’s big holders, the share of long positions as a percentage increased from 78.1% at 8 o’clock to 78.6%, and it’s higher than the daily readings for each of the past 30 days. The OKX long/short accounts ratio also rose from 1.53 to 1.75.

The rate didn’t follow the heat; Binance’s next period is 0.005%, and OKX has already turned negative.

0.524 is the bottom that was just tested tonight—the big players bet on it, that it can hold.

Will you go long with the big players on JTO, or wait until it breaks down to decide?

#JTO #合约持仓 # long vs short ratio

$JTO

Check in real time: https://www.coinboss.com/zh/funding-rate/JTO