Nice! UMA has been quietly building positions for 6 hours, and the whale long/short ratio has risen from 1.86 to 1.93!
OI has steadily climbed from 5.77 million to 5.69 million; volume is holding up, the structure looks clean, and 65% of long positions are holding firm. UMA is a decentralized oracle protocol, and it’s recently been riding the RWA narrative. Trading volume is 24.43 million, up 14%.
Compare that with PARTI—which also rose 16% this morning. Its 24-hour OI increased 24%, from 17.18 million tokens to 21.24 million, but the whale long/short ratio slid from 1.83 to 1.62. It feels like they’re pulling out as the price is pushed up.
RLC is following the same old script: up 129%, with whales 60% short (ratio: 0.61), while OI keeps increasing. Retail buys, whales sell. Every rally is a distribution opportunity.
#Today'sFuturesWatch
$UMA $PARTI $RLC
OI has steadily climbed from 5.77 million to 5.69 million; volume is holding up, the structure looks clean, and 65% of long positions are holding firm. UMA is a decentralized oracle protocol, and it’s recently been riding the RWA narrative. Trading volume is 24.43 million, up 14%.
Compare that with PARTI—which also rose 16% this morning. Its 24-hour OI increased 24%, from 17.18 million tokens to 21.24 million, but the whale long/short ratio slid from 1.83 to 1.62. It feels like they’re pulling out as the price is pushed up.
RLC is following the same old script: up 129%, with whales 60% short (ratio: 0.61), while OI keeps increasing. Retail buys, whales sell. Every rally is a distribution opportunity.
#Today'sFuturesWatch
$UMA $PARTI $RLC