Too awesome! MOVR’s 6th wave is here—up 84% in 24 hours, number one on the contract gain leaderboard!
Starting from yesterday’s low of 1.52, it has nearly doubled in two days. The hype has surged to the #2 spot on the plaza, behind only BTC. There are 5,257 global discussions and 1,461 bullish posts. But what’s truly crazy isn’t just the price—it's the contract data: OI jumped from 2.8 million coins to 9.01 million coins in two days, a 3.2x increase, hitting new highs all the way. Everyone’s chasing.
Margin traded value is up to 5.69x, nearing $79 million—completely different from the 5th wave.
Most interesting of all is the large-holder long/short ratio. Yesterday it slipped from 1.00 to 0.64, with 70% of big accounts shorting. Today, the 6th wave directly pushed it back from 0.64 to 1.00—shorts surrendered and flipped to longs.
This is the real turning point of the current cycle. In the 5th wave, it was retail traders going it alone, with big accounts 70% short. Now big accounts have turned long; the largest capital behind the sell pressure has already laid down arms. What’s left is a relay of chasing longs and forcing shorts.
A pullback that doesn’t break 2.4 is still strength; if it breaks, then we’ll see the low-1s.
#Moonriver #contract data
$MOVR $ZEC $HYPE
Starting from yesterday’s low of 1.52, it has nearly doubled in two days. The hype has surged to the #2 spot on the plaza, behind only BTC. There are 5,257 global discussions and 1,461 bullish posts. But what’s truly crazy isn’t just the price—it's the contract data: OI jumped from 2.8 million coins to 9.01 million coins in two days, a 3.2x increase, hitting new highs all the way. Everyone’s chasing.
Margin traded value is up to 5.69x, nearing $79 million—completely different from the 5th wave.
Most interesting of all is the large-holder long/short ratio. Yesterday it slipped from 1.00 to 0.64, with 70% of big accounts shorting. Today, the 6th wave directly pushed it back from 0.64 to 1.00—shorts surrendered and flipped to longs.
This is the real turning point of the current cycle. In the 5th wave, it was retail traders going it alone, with big accounts 70% short. Now big accounts have turned long; the largest capital behind the sell pressure has already laid down arms. What’s left is a relay of chasing longs and forcing shorts.
A pullback that doesn’t break 2.4 is still strength; if it breaks, then we’ll see the low-1s.
#Moonriver #contract data
$MOVR $ZEC $HYPE