$牛来 0.0729, open interest at 28.43 million. Funding is still positive at +0.005%/4h, so longs keep paying shorts.
The price has ground down from 0.075 yesterday to 0.072. 24-hour volume is only 35 million, less than the market cap, and liquidations are barely visible. It’s only retraced a little over half from the September high of 0.162. Down 14% over 7 days—this is a slow bleed, not a shakeout. Neither side is willing to be the first to put up volume. Funding positive, price drifting down—the longs are having to sit it out.
As long as those big accounts on the plaza keep shouting “Buy the dip. Dividends. Good symbolism,” I’ll keep shorting.
The price has ground down from 0.075 yesterday to 0.072. 24-hour volume is only 35 million, less than the market cap, and liquidations are barely visible. It’s only retraced a little over half from the September high of 0.162. Down 14% over 7 days—this is a slow bleed, not a shakeout. Neither side is willing to be the first to put up volume. Funding positive, price drifting down—the longs are having to sit it out.
As long as those big accounts on the plaza keep shouting “Buy the dip. Dividends. Good symbolism,” I’ll keep shorting.