It’s already shot way up, yet the market is still full of shorts eagerly handing longs more ammo.
$CHIP is up 28.53% in 24 hours, but the perpetual funding rate is somehow still negative at -0.0084%. Even crazier, open interest surged 75% in just four hours. With the price soaring, open interest climbing, and funding still negative, it shows that a ton of money is stubbornly shorting against the trend despite being in the red.
The more these shorts refuse to give up, the more fuel piles up for this short squeeze. Trying to call the top here is just asking to get wrecked. Hold on to your longs and don’t panic-exit—what matters is waiting for these shorts to get completely liquidated.
#以太坊突破2500USDT #CHIP $CHIP
#LUMIA $LUMIA
👇
$CHIP is up 28.53% in 24 hours, but the perpetual funding rate is somehow still negative at -0.0084%. Even crazier, open interest surged 75% in just four hours. With the price soaring, open interest climbing, and funding still negative, it shows that a ton of money is stubbornly shorting against the trend despite being in the red.
The more these shorts refuse to give up, the more fuel piles up for this short squeeze. Trying to call the top here is just asking to get wrecked. Hold on to your longs and don’t panic-exit—what matters is waiting for these shorts to get completely liquidated.
#以太坊突破2500USDT #CHIP $CHIP
#LUMIA $LUMIA
👇