4-hour futures open interest plunged 36.7%. Retail traders thought the longs were fleeing, but the shorts were the first to fold. The share of short positions dropped straight from 46.9% to 35.4%, while open interest over the 7-day period actually rose by 34.9%.
Big money used the leveraged washout to rotate positions. The price held firm between the 0.001925 and 0.002 resistance levels, and the annualized funding rate even stayed at +5.47%. Short-side liquidity is nearly drained. Cutting losses now would just hand them an easy win. Place limit orders on pullbacks and add in batches—then sit tight and wait for this short squeeze to take off.
#阿根廷央行不推加密入银行支付 #JCT $JCT
#STRK $STRK
👇
Big money used the leveraged washout to rotate positions. The price held firm between the 0.001925 and 0.002 resistance levels, and the annualized funding rate even stayed at +5.47%. Short-side liquidity is nearly drained. Cutting losses now would just hand them an easy win. Place limit orders on pullbacks and add in batches—then sit tight and wait for this short squeeze to take off.
#阿根廷央行不推加密入银行支付 #JCT $JCT
#STRK $STRK
👇