$UAI heating up after its massive 124% bounce. 👀
Open interest is now around $12.7M, with Binance at $10.9M (+21.6%) and Bybit at $1.8M (+7%) over 24 hours.
But the long/short balance has flipped. Binance accounts moved from 62% long to 47% long, while Bybit dropped from 69% to 55% long. Combined positioning is now roughly 49% long vs. 51% short.
Funding is positive at +0.027% per 4 hours, meaning longs are paying shorts.
Meanwhile, Binance perp volume reached $122M, nearly 3x UAI's $43.5M market cap.
Big volume, rising OI, and a crowd shifting toward shorts. This is where UAI gets interesting. 🤯
Open interest is now around $12.7M, with Binance at $10.9M (+21.6%) and Bybit at $1.8M (+7%) over 24 hours.
But the long/short balance has flipped. Binance accounts moved from 62% long to 47% long, while Bybit dropped from 69% to 55% long. Combined positioning is now roughly 49% long vs. 51% short.
Funding is positive at +0.027% per 4 hours, meaning longs are paying shorts.
Meanwhile, Binance perp volume reached $122M, nearly 3x UAI's $43.5M market cap.
Big volume, rising OI, and a crowd shifting toward shorts. This is where UAI gets interesting. 🤯
