Friday morning, the broader market is still bleeding—BTC is down about 5.5% on the day, and ETH about 7.5%. But an old name in the futures market has turned green first, up around 3%, with a weekly gain of about 16% and open interest up roughly 14%.
The long/short ratio for account $INJ is pinned at around 1.91 (about 66% long), while funding rates hover near the upper limit at about +0.008%/8h, collecting rent.
Price up, money flowing in, and positioning not overcrowded—but don’t mistake “relative strength” for confirmation that the whole market has stabilized. $ARB has barely turned green too, while $SOL is still shedding about 6%.
Do you think this is genuine divergence, or just a noisy bounce amid the sell-off?
#midnovembermarket
The long/short ratio for account $INJ is pinned at around 1.91 (about 66% long), while funding rates hover near the upper limit at about +0.008%/8h, collecting rent.
Price up, money flowing in, and positioning not overcrowded—but don’t mistake “relative strength” for confirmation that the whole market has stabilized. $ARB has barely turned green too, while $SOL is still shedding about 6%.
Do you think this is genuine divergence, or just a noisy bounce amid the sell-off?
#midnovembermarket
