At noon, it touched 0.095 then got slammed back to 0.070, giving back about 26% from the spike high in a single candle. Open interest actually increased by 6 million tokens over that hour—$AIN . This wasn’t a flush-out; someone kept adding to their position near the spike high.
24-hour futures are still up about 84%, with a low of 0.0381 and an intraday high of 0.095, on roughly $132 million in volume. The price still looks like it’s in a short squeeze, but the share of retail accounts going long has already fallen from 74.7% before the pump to 50.8%. Meanwhile, large traders’ long positions, measured by position size, are holding at 67.6%. Retail traders have flipped short or reduced their longs as the price rose, while large traders have barely loosened their positions—the headcount and the money are moving in different directions.
Open interest tells it more plainly than the candlesticks. Before the move started at 8 p.m. last night, open interest was about 268 million tokens; now it’s 312 million, up roughly 44 million, or 16%. The noon hourly candle opened at 0.077, reached a high of 0.095 and a low of 0.067, then closed at 0.070. Over that same hour, open interest climbed from 306 million to 312 million. The funding rate settled at +0.138% at 8 a.m.; at noon it was still +0.059%, so longs are still paying. The mark price and index price are almost aligned, with no significant premium to exploit.
A different technical angle, not repeating the earlier points from today: the 1-hour EMA50 is at 0.0504, with the current price still about 39% above it; ATR is around 12%, widened by that spike candle; CCI is around 110, down from about 220 earlier; and the Williams indicator has fallen back to -47. Momentum has eased from extreme levels, but the moving average is still far below, suggesting this drop took out the spike—not the broader trend.
The mechanics are straightforward: most of the early shorts that were truly squeezed have already exited. The positions still hanging around 0.09 are late long entries; when the price gets slammed, they’re the first to be liquidated, and those liquidations themselves add selling pressure. Open interest is still rising, which means this batch hasn’t fully exited, so selling pressure can keep surfacing.
I see this leg as a spike-top washout that isn’t finished yet. If open interest doesn’t contract back below 300 million tokens, 0.070 is still just a passing price—not a new floor or a new base. On a rebound, first watch the lower wick around 0.067; if that breaks, the next level to watch is the moving average around 0.050. I have no position in AIN. These are my personal views.
#AIN #合约持仓 #SpikeTop
24-hour futures are still up about 84%, with a low of 0.0381 and an intraday high of 0.095, on roughly $132 million in volume. The price still looks like it’s in a short squeeze, but the share of retail accounts going long has already fallen from 74.7% before the pump to 50.8%. Meanwhile, large traders’ long positions, measured by position size, are holding at 67.6%. Retail traders have flipped short or reduced their longs as the price rose, while large traders have barely loosened their positions—the headcount and the money are moving in different directions.
Open interest tells it more plainly than the candlesticks. Before the move started at 8 p.m. last night, open interest was about 268 million tokens; now it’s 312 million, up roughly 44 million, or 16%. The noon hourly candle opened at 0.077, reached a high of 0.095 and a low of 0.067, then closed at 0.070. Over that same hour, open interest climbed from 306 million to 312 million. The funding rate settled at +0.138% at 8 a.m.; at noon it was still +0.059%, so longs are still paying. The mark price and index price are almost aligned, with no significant premium to exploit.
A different technical angle, not repeating the earlier points from today: the 1-hour EMA50 is at 0.0504, with the current price still about 39% above it; ATR is around 12%, widened by that spike candle; CCI is around 110, down from about 220 earlier; and the Williams indicator has fallen back to -47. Momentum has eased from extreme levels, but the moving average is still far below, suggesting this drop took out the spike—not the broader trend.
The mechanics are straightforward: most of the early shorts that were truly squeezed have already exited. The positions still hanging around 0.09 are late long entries; when the price gets slammed, they’re the first to be liquidated, and those liquidations themselves add selling pressure. Open interest is still rising, which means this batch hasn’t fully exited, so selling pressure can keep surfacing.
I see this leg as a spike-top washout that isn’t finished yet. If open interest doesn’t contract back below 300 million tokens, 0.070 is still just a passing price—not a new floor or a new base. On a rebound, first watch the lower wick around 0.067; if that breaks, the next level to watch is the moving average around 0.050. I have no position in AIN. These are my personal views.
#AIN #合约持仓 #SpikeTop
