$ADA surged 8.7% in 24 hours, touching $0.253, while the KDJ indicator’s J value soared to 102—extremely overbought. Yet open interest (OI) shrank 4.2% against the trend.
Price is climbing, but open interest is retreating. This is hardly a rush of fresh capital—it looks more like an inflated rebound driven by short covering.
Even more striking is how crowded the positioning has become: long accounts make up 67%, and large traders’ long positions account for 64%. The indicators are extremely overheated, with longs packed in, yet the rally has lost its funding support. A rise without solid backing like this could turn into a long squeeze at the slightest reversal.
#XRP账本修复可增发XRP的漏洞 #ADA $ADA
#MAGIC $MAGIC
👇
Price is climbing, but open interest is retreating. This is hardly a rush of fresh capital—it looks more like an inflated rebound driven by short covering.
Even more striking is how crowded the positioning has become: long accounts make up 67%, and large traders’ long positions account for 64%. The indicators are extremely overheated, with longs packed in, yet the rally has lost its funding support. A rise without solid backing like this could turn into a long squeeze at the slightest reversal.
#XRP账本修复可增发XRP的漏洞 #ADA $ADA
#MAGIC $MAGIC
👇