$CTR
Yesterday’s daily candle was up 30%, with $30.2 million in trading volume—28 times the usual amount and the second-highest since listing.
Nothing moved for the first 14 hours. Then, at 10 p.m. Beijing time, an hourly candle surged 13.6%, and the move began.
During the rally, open interest in perpetual contracts rose 42%, the share of accounts holding short positions climbed from 31% to 43%, and the funding rate remained positive.
Short positions were being added; it wasn’t a short squeeze pushing the price up.
The listing high above is 0.0227, still 31% away.
Yesterday’s daily candle was up 30%, with $30.2 million in trading volume—28 times the usual amount and the second-highest since listing.
Nothing moved for the first 14 hours. Then, at 10 p.m. Beijing time, an hourly candle surged 13.6%, and the move began.
During the rally, open interest in perpetual contracts rose 42%, the share of accounts holding short positions climbed from 31% to 43%, and the funding rate remained positive.
Short positions were being added; it wasn’t a short squeeze pushing the price up.
The listing high above is 0.0227, still 31% away.