Down nearly 40% in a single day, with the chart in shambles, yet US’s funding rate is stubbornly holding above zero at +0.005%.
That’s highly unusual. The price has plunged from its highs to $0.019446, but the longs haven’t been completely liquidated. Instead, they’re still paying interest to the shorts on schedule. The fact that the funding rate hasn’t turned negative despite the crash can only mean one thing: plenty of traders are still stubbornly holding on, and the real panic selling hasn’t happened yet.
As long as these longs refuse to admit they’re wrong and cut their losses, any sharp bounce is not a sign of a bottom—it’s an ideal spot for shorts to add to their positions. Don’t rush to call a bottom halfway down. Wait until these stubborn longs are completely flushed out before talking about stabilization.
#Ledger确认用户设备遭植入未授权硬件 #US $US
#STRK $STRK
👇
That’s highly unusual. The price has plunged from its highs to $0.019446, but the longs haven’t been completely liquidated. Instead, they’re still paying interest to the shorts on schedule. The fact that the funding rate hasn’t turned negative despite the crash can only mean one thing: plenty of traders are still stubbornly holding on, and the real panic selling hasn’t happened yet.
As long as these longs refuse to admit they’re wrong and cut their losses, any sharp bounce is not a sign of a bottom—it’s an ideal spot for shorts to add to their positions. Don’t rush to call a bottom halfway down. Wait until these stubborn longs are completely flushed out before talking about stabilization.
#Ledger确认用户设备遭植入未授权硬件 #US $US
#STRK $STRK
👇