$AKE 5-minute plunge of 3.65%, to 0.003565, with a 24-hour range of 0.003535–0.006488.
I’ll use the range before the unusual move as the dividing line: it only counts as valid if the price stays outside the range.
After the drop, if the funding rate turns negative and becomes increasingly extreme, that indicates a buildup of short positions, so watch out for a short squeeze.
I’ll use the range before the unusual move as the dividing line: it only counts as valid if the price stays outside the range.
After the drop, if the funding rate turns negative and becomes increasingly extreme, that indicates a buildup of short positions, so watch out for a short squeeze.
