The reason for the rise in $STRK is that the coin decided to transition from L2 to L1.
This transition impressed investors and attracted interest in the coin. We saw a good amount of liquidity flow into it.
One thing caught my attention: after this rise, funding rates turned negative. This indicates that short positions are paying long positions, which could fuel further gains and trigger a short squeeze.
A rise toward the following targets is expected: 0.10646/0.10883/0.11500
The coin is experiencing strong momentum. We may see one final round of liquidations before a real move 👀
This transition impressed investors and attracted interest in the coin. We saw a good amount of liquidity flow into it.
One thing caught my attention: after this rise, funding rates turned negative. This indicates that short positions are paying long positions, which could fuel further gains and trigger a short squeeze.
A rise toward the following targets is expected: 0.10646/0.10883/0.11500
The coin is experiencing strong momentum. We may see one final round of liquidations before a real move 👀