The coin’s price has surged nearly 50% in a day, and countless people are relying on gut instinct to short the top. One look at the order book tells you just how deadly that idea can be.
STRK futures trading volume is now 8.7 times its spot volume, and open interest has soared 53% in just 7 hours. By all rights, longs should have been overheated by now. Yet strangely, the funding rate is stuck at 0.0015% (well below the 0.01% benchmark), while 55% of accounts are stubbornly holding short positions.
This isn’t a top—it’s a textbook case of “short sellers fueling the rally.” Longs aren’t paying a steep premium at all. STRK is at the top of the latest liquidation rankings across the market, and a whole lot of short positions are lining up to pay their dues.
With this kind of extreme divergence, the upward momentum is nowhere near exhausted. There’s nothing wrong with taking profits and getting out, but trying to call the top now is like willingly sticking your neck into the longs’ meat grinder.
#以太坊突破2500USDT #STRK $STRK
#MAGIC $MAGIC
👇
STRK futures trading volume is now 8.7 times its spot volume, and open interest has soared 53% in just 7 hours. By all rights, longs should have been overheated by now. Yet strangely, the funding rate is stuck at 0.0015% (well below the 0.01% benchmark), while 55% of accounts are stubbornly holding short positions.
This isn’t a top—it’s a textbook case of “short sellers fueling the rally.” Longs aren’t paying a steep premium at all. STRK is at the top of the latest liquidation rankings across the market, and a whole lot of short positions are lining up to pay their dues.
With this kind of extreme divergence, the upward momentum is nowhere near exhausted. There’s nothing wrong with taking profits and getting out, but trying to call the top now is like willingly sticking your neck into the longs’ meat grinder.
#以太坊突破2500USDT #STRK $STRK
#MAGIC $MAGIC
👇