100.6u: A tug-of-war around the psychological 100u mark, with the Long side getting squeezed hard by MMs.
Derivatives data:
• Top Trader L/S: 2.20 (68.8% of big players are holding Longs).
• OI: 882M USDT, tightly compressed near the 100u support.
• Funding rate: steadily positive at 0.01%; retail traders are 74.6% Long.
Scenario: The Long boat is overloaded, so there’s a good chance MMs will wick below 100u and drag price down to 96–98u to flush out leverage. Watch for a chance to scoop up bargains lower down—don’t FOMO or stand in front of the train.
Are you holding Longs or waiting to short if it breaks below 100u?
$SOL $BTC #Crypto #BinanceSquare #Trading
Derivatives data:
• Top Trader L/S: 2.20 (68.8% of big players are holding Longs).
• OI: 882M USDT, tightly compressed near the 100u support.
• Funding rate: steadily positive at 0.01%; retail traders are 74.6% Long.
Scenario: The Long boat is overloaded, so there’s a good chance MMs will wick below 100u and drag price down to 96–98u to flush out leverage. Watch for a chance to scoop up bargains lower down—don’t FOMO or stand in front of the train.
Are you holding Longs or waiting to short if it breaks below 100u?
$SOL $BTC #Crypto #BinanceSquare #Trading