Guys, things are starting to look weird with $RLC —the funding rate is now settling once every hour.
You know what that signals, right? The market makers have cranked up the liquidation machine, and the final move is already underway.
Look at the data: over 24 hours, it climbed from 0.37 to 0.94, and now it’s holding around 0.86—more than a double. The funding rate is still negative at -0.046%, which means shorts are paying longs every hour. Yesterday, the rate plunged all the way to -2.2%, with shorts packed in so tightly they were practically queuing up to get liquidated. The exchange only temporarily changed settlement from every 8 hours to every 1 hour to let the pressure bleed off gradually and prevent a blowup.
Now look at the overall retail long/short ratio: short accounts are already up to 61%, and they keep piling into shorts, while longs are down to just 38%—shorting harder as the price rises, with their necks stretched way out. Top traders, on the other hand, are positioned 1:1. Smart money hasn’t blindly followed retail into the trade.
Negative funding + hourly settlements + retail piling into shorts—that’s the perfect fuel for a short squeeze, laid out by the market makers. Shorting here is practically sticking your neck out.
Take my advice: don’t short. Any brave souls still shorting RLC? Drop a number in the comments.
$RLC #iExec #合约 #逼空 #Altcoins
You know what that signals, right? The market makers have cranked up the liquidation machine, and the final move is already underway.
Look at the data: over 24 hours, it climbed from 0.37 to 0.94, and now it’s holding around 0.86—more than a double. The funding rate is still negative at -0.046%, which means shorts are paying longs every hour. Yesterday, the rate plunged all the way to -2.2%, with shorts packed in so tightly they were practically queuing up to get liquidated. The exchange only temporarily changed settlement from every 8 hours to every 1 hour to let the pressure bleed off gradually and prevent a blowup.
Now look at the overall retail long/short ratio: short accounts are already up to 61%, and they keep piling into shorts, while longs are down to just 38%—shorting harder as the price rises, with their necks stretched way out. Top traders, on the other hand, are positioned 1:1. Smart money hasn’t blindly followed retail into the trade.
Negative funding + hourly settlements + retail piling into shorts—that’s the perfect fuel for a short squeeze, laid out by the market makers. Shorting here is practically sticking your neck out.
Take my advice: don’t short. Any brave souls still shorting RLC? Drop a number in the comments.
$RLC #iExec #合约 #逼空 #Altcoins
