Friday morning, and the aftershocks of last night’s liquidations haven’t faded yet—a veteran meme coin dropped around seven points in a day, while contract traders piled into longs, now making up 84%.
$DOGE is trading around 0.071: down about 7.4% in a day and 6% over a week. The account long/short ratio climbed from about 4.29 to 5.41 (roughly 81% to 84% long), funding is around +0.001%/8h, and OI is down about 4.8%—price is dropping, a little money is pulling out, and the seats left behind are getting more crowded. This isn’t a flush-out; it’s a crowding-in after the squeeze.
Don’t treat 0.071 as confirmation of a meme coin floor. In the same market, $XRP has a long/short ratio of around 4.15, with traders filling more seats there too. #midnovembermarket
Is this a dip-buying window, or has the leverage still not been flushed out? Give me a counterexample in the comments.
$DOGE is trading around 0.071: down about 7.4% in a day and 6% over a week. The account long/short ratio climbed from about 4.29 to 5.41 (roughly 81% to 84% long), funding is around +0.001%/8h, and OI is down about 4.8%—price is dropping, a little money is pulling out, and the seats left behind are getting more crowded. This isn’t a flush-out; it’s a crowding-in after the squeeze.
Don’t treat 0.071 as confirmation of a meme coin floor. In the same market, $XRP has a long/short ratio of around 4.15, with traders filling more seats there too. #midnovembermarket
Is this a dip-buying window, or has the leverage still not been flushed out? Give me a counterexample in the comments.
