$TRUTH TRUTH surged nearly 50% in a single day, straight up to 0.0234. There was no positive news at all—it was purely a hard push driven by perpetual futures.
The most ridiculous part is the funding rate: it shot up to 95% annualized, with longs paying interest to shorts every 4 hours. Who can afford to hold at that cost?
The price is now stuck at the 0.024 resistance level and just can't break through, grinding sideways near the top. If buying pressure above lets up even a little, these highly leveraged longs will absolutely rush to close their positions, triggering a liquidation cascade.
#9月CPI来袭原油美债走势如何 #TRUTH $TRUTH #TRUTH $TRUTH 👇
The most ridiculous part is the funding rate: it shot up to 95% annualized, with longs paying interest to shorts every 4 hours. Who can afford to hold at that cost?
The price is now stuck at the 0.024 resistance level and just can't break through, grinding sideways near the top. If buying pressure above lets up even a little, these highly leveraged longs will absolutely rush to close their positions, triggering a liquidation cascade.
#9月CPI来袭原油美债走势如何 #TRUTH $TRUTH #TRUTH $TRUTH 👇