Oh wow, $OGN —this round of trades is absolutely going crazy.
Take one look at the board and you’re instantly confused—BTC is down 1.3%, ETH is down 2%, and the whole market is green in the red. Yet this guy just charges straight upward like a rocket. Over the past 24 hours it’s already up nearly 94%, rising from around 2 cents to 4 cents. It even touched a high of 0.046.
The wildest part is the funding rate. Looking at the second chart: since this morning around midnight it’s been hammered down from -0.025%, then down to -0.3% in the afternoon, -0.9% by evening, and the latest just now for the current period is directly at -1.16%. What does that mean? People shorting right now are effectively paying 1.16% back to longs every 8 hours. The more shorts pile up, the more the longs rake in—this is a textbook squeeze structure.
I’ll say it plainly: the negative funding rate is still getting deeper, and the expectation of an airdrop is sitting right there. In this kind of position, the market maker won’t easily stop. Next, it’s very likely there’s still another pump to blow up all the short open positions above.
Right now shorting OGN is literally just sending the market maker your trading fees. Don’t go against your own position.
Of course, control your own position—don’t get carried away.
How far do you think this pump can go? 0.06? 0.08? Drop a comment in the section below and let’s discuss.
$OGN $BTC $ETH #OGN #合约 #做空 #altcoin
Take one look at the board and you’re instantly confused—BTC is down 1.3%, ETH is down 2%, and the whole market is green in the red. Yet this guy just charges straight upward like a rocket. Over the past 24 hours it’s already up nearly 94%, rising from around 2 cents to 4 cents. It even touched a high of 0.046.
The wildest part is the funding rate. Looking at the second chart: since this morning around midnight it’s been hammered down from -0.025%, then down to -0.3% in the afternoon, -0.9% by evening, and the latest just now for the current period is directly at -1.16%. What does that mean? People shorting right now are effectively paying 1.16% back to longs every 8 hours. The more shorts pile up, the more the longs rake in—this is a textbook squeeze structure.
I’ll say it plainly: the negative funding rate is still getting deeper, and the expectation of an airdrop is sitting right there. In this kind of position, the market maker won’t easily stop. Next, it’s very likely there’s still another pump to blow up all the short open positions above.
Right now shorting OGN is literally just sending the market maker your trading fees. Don’t go against your own position.
Of course, control your own position—don’t get carried away.
How far do you think this pump can go? 0.06? 0.08? Drop a comment in the section below and let’s discuss.
$OGN $BTC $ETH #OGN #合约 #做空 #altcoin