Don't wait—there won't be a second round. The banker has run off.
Post
Patrick-妖币大统领
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$AIN It took a big plunge this morning. Yesterday afternoon, when I saw bots pumping the volume, I had already closed out my entire position at 0.31. As of the big crash just now:
Futures OI: 167M AIN, current price 0.139; yesterday: 210M AIN, price around 0.27
Binance smart money:
Longs: 129.5M AIN → 79.92M AIN, down about 49.61M AIN (38.3%)
Shorts: 13.91M AIN → 12.94M AIN, down about 960,000 AIN (6.9%)
As for futures liquidation levels:
Around 1 million was liquidated in the past 24 hours.
A lot of longs have been liquidated over the past week. The liquidation level below is around 0.1. If the market maker keeps dumping and pushes it back to around 0.06, basically nobody will trade it anymore, and it will lose its hype.
If they drive it up in a reverse V-shape at this point and then dump it again, they can make more.
There’s still 167M in OI, and the market can’t absorb all of that if it gets dumped. Let’s see what the market maker does. Personally, I think there’ll be a second leg down. $AIN #AIN
Futures OI: 167M AIN, current price 0.139; yesterday: 210M AIN, price around 0.27
Binance smart money:
Longs: 129.5M AIN → 79.92M AIN, down about 49.61M AIN (38.3%)
Shorts: 13.91M AIN → 12.94M AIN, down about 960,000 AIN (6.9%)
As for futures liquidation levels:
Around 1 million was liquidated in the past 24 hours.
A lot of longs have been liquidated over the past week. The liquidation level below is around 0.1. If the market maker keeps dumping and pushes it back to around 0.06, basically nobody will trade it anymore, and it will lose its hype.
If they drive it up in a reverse V-shape at this point and then dump it again, they can make more.
There’s still 167M in OI, and the market can’t absorb all of that if it gets dumped. Let’s see what the market maker does. Personally, I think there’ll be a second leg down. $AIN #AIN
