$RSR Anyone shorting RSR at a time like this has no idea what kind of meat grinder they’ve walked into.
Funding rates on Binance and Bitget have both been slammed to the -2% limit. Shorts are bleeding money every funding interval to pay interest to longs, but they don’t realize that the last time RLC’s funding rate fell to -2%, it turned around and violently short-squeezed 55% in just 6 hours.
On top of that, the community just voted to freeze treasury unlocks for Q4, effectively welding shut the spot-selling channel. With liquidity drained and shorts stampeding, trying to call the top now is like standing in front of a speeding car. The short-squeeze wheel won’t stop until the short positions have been completely liquidated.
#Evernorth纳斯达克首日收跌1.05% #RSR $RSR
#GTC $GTC
👇
Funding rates on Binance and Bitget have both been slammed to the -2% limit. Shorts are bleeding money every funding interval to pay interest to longs, but they don’t realize that the last time RLC’s funding rate fell to -2%, it turned around and violently short-squeezed 55% in just 6 hours.
On top of that, the community just voted to freeze treasury unlocks for Q4, effectively welding shut the spot-selling channel. With liquidity drained and shorts stampeding, trying to call the top now is like standing in front of a speeding car. The short-squeeze wheel won’t stop until the short positions have been completely liquidated.
#Evernorth纳斯达克首日收跌1.05% #RSR $RSR
#GTC $GTC
👇