The order book has just $347,000 of depth within ±2%, yet a whale was rushing to market-close 577,000 longs at 0.0687, not even caring about slippage.
Retail traders are still fixated on the nearly 50% gain over the past 7 days, but they’ve overlooked how leverage has violently driven open interest up 86.5%. With the spot pool this shallow, if longs start stampeding, there won’t even be an exit door. The daily chart left a long upper wick on a bearish candle at 0.0717—big money rushing for the exit is now plain to see.
If you’re slow to act, take profits on spot holdings into any rebound. Above 0.068, the only move is to place short orders. Don’t stick around to foot the bill for the surge in leverage.
#阿根廷央行不推加密入银行支付 #CHIP $CHIP
#STRK $STRK
👇
Retail traders are still fixated on the nearly 50% gain over the past 7 days, but they’ve overlooked how leverage has violently driven open interest up 86.5%. With the spot pool this shallow, if longs start stampeding, there won’t even be an exit door. The daily chart left a long upper wick on a bearish candle at 0.0717—big money rushing for the exit is now plain to see.
If you’re slow to act, take profits on spot holdings into any rebound. Above 0.068, the only move is to place short orders. Don’t stick around to foot the bill for the surge in leverage.
#阿根廷央行不推加密入银行支付 #CHIP $CHIP
#STRK $STRK
👇