⚠️ Unusual activity on the watchlist｜A new entry on the positions leaderboard: $ARIA , up 8.7% in 24h—but already up 60% over 7d and 70% over 30d, with $7.5M in positions.
Let’s pour some cold water on this: after a 60% gain in 7 days, can we really call this the “early stages of institutional accumulation”? I’d rather say accumulation is already done, and it’s now waiting for the next wave of buyers.
$JCT is an even more typical case: $20.9M in positions—the highest of the lot—and up 138% over 30d, but already down 8.1% in 24h. Volume is still there, but price is falling first. That looks more like a distribution signal than an accumulation signal.
Funding rates are almost all near zero (mostly 0.005%), which suggests the bulls aren’t in any hurry. IOST is the only one with a negative funding rate at -1.18%, with shorts piling in there.
I’d read this kind of positions leaderboard as a contrarian indicator first, not a buy signal. Tell us what you make of these numbers in the comments. #Alpha
Let’s pour some cold water on this: after a 60% gain in 7 days, can we really call this the “early stages of institutional accumulation”? I’d rather say accumulation is already done, and it’s now waiting for the next wave of buyers.
$JCT is an even more typical case: $20.9M in positions—the highest of the lot—and up 138% over 30d, but already down 8.1% in 24h. Volume is still there, but price is falling first. That looks more like a distribution signal than an accumulation signal.
Funding rates are almost all near zero (mostly 0.005%), which suggests the bulls aren’t in any hurry. IOST is the only one with a negative funding rate at -1.18%, with shorts piling in there.
I’d read this kind of positions leaderboard as a contrarian indicator first, not a buy signal. Tell us what you make of these numbers in the comments. #Alpha