Hold on.
$INTC : I’ll split the past three days into two columns.
Left: over three days, it climbed from 85.7 to 96.34, up 12%.
Right: in one day, it plunged from 96.34 to 91.24, giving back half the gains.
During those three days on the left, the underlying stock traded for only two days.
During that half-day on the right, the underlying stock market was closed; only futures were moving.
The token moved on its own, with no one following through.
80.05% of retail traders are long, with a long-short ratio of 4.01.
Large traders: 87.37%, with a ratio of 6.92.
Both sides are crowded onto the same side, and the funding rate is 0.0000%.
No one is paying, which means no one has been squeezed yet.
Is this a stampede? Doesn’t look like it—it’s a room full of people waiting around.
Let’s talk bullish once it gets back above 92.79 and into the three-day uptrend.
(Not investment advice. You’re responsible for your own gains and losses.)
$INTC : I’ll split the past three days into two columns.
Left: over three days, it climbed from 85.7 to 96.34, up 12%.
Right: in one day, it plunged from 96.34 to 91.24, giving back half the gains.
During those three days on the left, the underlying stock traded for only two days.
During that half-day on the right, the underlying stock market was closed; only futures were moving.
The token moved on its own, with no one following through.
80.05% of retail traders are long, with a long-short ratio of 4.01.
Large traders: 87.37%, with a ratio of 6.92.
Both sides are crowded onto the same side, and the funding rate is 0.0000%.
No one is paying, which means no one has been squeezed yet.
Is this a stampede? Doesn’t look like it—it’s a room full of people waiting around.
Let’s talk bullish once it gets back above 92.79 and into the three-day uptrend.
(Not investment advice. You’re responsible for your own gains and losses.)
