$UNITREE Yushu: Even meme coins have to stand aside!
Looking at the charts, Yushu traded sideways in a range for quite a while over the weekend. Early this morning, a long bearish wick plunged straight toward 86.60, luring retail traders into short positions, before it quickly surged 15%. The token then put on a classic double-sided liquidation show!
Now let’s look at the smart money. Funding rates were initially positive, but turned negative quickly as the rebound continued. Drawn in by the downward trend, many retail traders opened shorts near the highs. With funding rates at -1% or lower, can the shorts really handle it? The whales’ market manipulation this time has been masterful!
I personally don’t recommend chasing longs at these highs. You could wait for a pullback and signs of stability before considering an opportunity. Risk management comes first.
[The views above are for personal reference only and do not constitute investment advice.]
#比特币现货ETF周净流出2.03亿美元
Looking at the charts, Yushu traded sideways in a range for quite a while over the weekend. Early this morning, a long bearish wick plunged straight toward 86.60, luring retail traders into short positions, before it quickly surged 15%. The token then put on a classic double-sided liquidation show!
Now let’s look at the smart money. Funding rates were initially positive, but turned negative quickly as the rebound continued. Drawn in by the downward trend, many retail traders opened shorts near the highs. With funding rates at -1% or lower, can the shorts really handle it? The whales’ market manipulation this time has been masterful!
I personally don’t recommend chasing longs at these highs. You could wait for a pullback and signs of stability before considering an opportunity. Risk management comes first.
[The views above are for personal reference only and do not constitute investment advice.]
#比特币现货ETF周净流出2.03亿美元
