I checked in the middle of the night and saw it was up nearly 30%. I felt like I was stuck on the toilet without any toilet paper—just helplessly panicking. There were five times as many longs as shorts, and the funding rate was ridiculously positive. It looked lively, but really everyone was lining up to pay the entry fee.

I figured sentiment had peaked. The RSI was practically touching the ceiling, and there was no rotation of hands in such a crowded trade.

At 2:30 a.m., I watched everyone else feast while I hadn’t even gotten a taste of the soup. I gave up and went to sleep.

#LYN #Binance Square