$GTC Many people see $GTC surge and rush to short the top, not realizing they’re paying the whales a toll.
Upbit just opened a KRW spot trading pair, and retail traders’ short positions quickly reached 61.5% of the market. They even pushed the funding rate straight to its -2% cap. But look beneath the surface: the whales’ long-to-short ratio is as high as 226.75%, and the major longs are sitting on $1.68 million in unrealized profits.
With KRW buying pressure and an extremely negative funding rate, any downward wick in this market is just fuel for the shorts. Don’t be foolish and short the top at the current price. Scale into long positions on pullbacks, and get ready to profit from both funding payments and a short squeeze.
#比特币期权波动率创五年新低 #GTC $GTC
#RSR $RSR
👇
Upbit just opened a KRW spot trading pair, and retail traders’ short positions quickly reached 61.5% of the market. They even pushed the funding rate straight to its -2% cap. But look beneath the surface: the whales’ long-to-short ratio is as high as 226.75%, and the major longs are sitting on $1.68 million in unrealized profits.
With KRW buying pressure and an extremely negative funding rate, any downward wick in this market is just fuel for the shorts. Don’t be foolish and short the top at the current price. Scale into long positions on pullbacks, and get ready to profit from both funding payments and a short squeeze.
#比特币期权波动率创五年新低 #GTC $GTC
#RSR $RSR
👇