Last night I voted A. I said that before $APR unlocks, there would likely be another leg down. In one night, it dropped from 0.0296 to 0.0271, about -8%. Open interest shrank by nearly 20% in 24h, and funding flattened out, which looks more like longs exiting early.
Tomorrow, about 93 million tokens will unlock, close to one-third of the circulating supply. Honestly, I’m not daring to buy here. I won’t touch it before the 0.0229 previous low, and we’ll see the answer Friday night.
Funding rates don’t lie. Follow if you want to see the result (not investment advice)
Tomorrow, about 93 million tokens will unlock, close to one-third of the circulating supply. Honestly, I’m not daring to buy here. I won’t touch it before the 0.0229 previous low, and we’ll see the answer Friday night.
Funding rates don’t lie. Follow if you want to see the result (not investment advice)