$MANTA The trap behind a 27.4% surge in OI
+27.4%. MANTA’s open interest climbed from 5.2M to 5.9M, then 6.4M, and finally 6.6M in a single day.
The price is up just 5.8%, currently at 0.07575.
The funding rate flipped from +0.0009% to -0.0027%. Are shorts in control? Don’t be so quick to agree.
Trading volume: $29.6M. Market cap: $52.5M. This isn’t a low-volume drift—real money is flowing in.
Manta Network announced the termination of its staking program, and 10 news stories are focused on this screen.
Yet the price is still stuck near its lows, and the funding rate has turned negative.
The meaning is clear: every new short position now costs money to hold. The more negative the funding rate, the more expensive it is for shorts.
They’re waiting for that one moment when shorts have to cover. It’s not a guaranteed bounce—it’s what a trap looks like.
Don’t mistake the shorts’ advantage for a safety net.
Risk warning: with a market cap of just $52.5M, one wick is enough to wipe out highly leveraged positions.
#MANTA #币安 #Bitcoin
+27.4%. MANTA’s open interest climbed from 5.2M to 5.9M, then 6.4M, and finally 6.6M in a single day.
The price is up just 5.8%, currently at 0.07575.
The funding rate flipped from +0.0009% to -0.0027%. Are shorts in control? Don’t be so quick to agree.
Trading volume: $29.6M. Market cap: $52.5M. This isn’t a low-volume drift—real money is flowing in.
Manta Network announced the termination of its staking program, and 10 news stories are focused on this screen.
Yet the price is still stuck near its lows, and the funding rate has turned negative.
The meaning is clear: every new short position now costs money to hold. The more negative the funding rate, the more expensive it is for shorts.
They’re waiting for that one moment when shorts have to cover. It’s not a guaranteed bounce—it’s what a trap looks like.
Don’t mistake the shorts’ advantage for a safety net.
Risk warning: with a market cap of just $52.5M, one wick is enough to wipe out highly leveraged positions.
#MANTA #币安 #Bitcoin