🚨 GTC surged 117.6% in 5 minutes, briefly touching $0.44, and is still up 55% over 24 hours! Upbit has listed KRW and USDT trading pairs, instantly igniting market sentiment.
But here’s the interesting part: Binance’s original data also shows 1-hour open interest up 13.7% and price up 47.3%, while retail traders’ short positions are 5.7 times their long positions. There’s also a discrepancy between the reported 24-hour gains of 32.6% and 55%, so the data needs verification.
📊 What does this mean? Everyone is afraid of missing out, but those who chase the rally may be buying right at the top of the post-news spike. Getting the direction right doesn’t necessarily mean making money.
My take: The event-driven outlook is still bullish, but don’t blindly chase the rally! Whether GTC can reclaim and hold $0.44 will determine if the rise continues. If it fails to break higher and falls back toward $0.20, watch out for a long squeeze.
Do you think GTC will surge to $0.44 again, or fall back toward $0.20? 👇
#GTC #UpbitListing
But here’s the interesting part: Binance’s original data also shows 1-hour open interest up 13.7% and price up 47.3%, while retail traders’ short positions are 5.7 times their long positions. There’s also a discrepancy between the reported 24-hour gains of 32.6% and 55%, so the data needs verification.
📊 What does this mean? Everyone is afraid of missing out, but those who chase the rally may be buying right at the top of the post-news spike. Getting the direction right doesn’t necessarily mean making money.
My take: The event-driven outlook is still bullish, but don’t blindly chase the rally! Whether GTC can reclaim and hold $0.44 will determine if the rise continues. If it fails to break higher and falls back toward $0.20, watch out for a long squeeze.
Do you think GTC will surge to $0.44 again, or fall back toward $0.20? 👇
#GTC #UpbitListing