While major coins are down five or six percent in a day, this politically themed coin has barely followed them lower.
It’s hovering around 0.047, up about 0.4% over the past 24 hours, with futures open interest still around $160 million. But the account long/short ratio has fallen to 0.54, meaning shorts are even more crowded. Falling less doesn’t mean it has a safety cushion; it just ranks lower on today’s list of coins being indiscriminately sold. With shorts so crowded, don’t rush to take a side in the short term.
$WLFI #U.S. stocks weaken, putting broad pressure on the crypto market
It’s hovering around 0.047, up about 0.4% over the past 24 hours, with futures open interest still around $160 million. But the account long/short ratio has fallen to 0.54, meaning shorts are even more crowded. Falling less doesn’t mean it has a safety cushion; it just ranks lower on today’s list of coins being indiscriminately sold. With shorts so crowded, don’t rush to take a side in the short term.
$WLFI #U.S. stocks weaken, putting broad pressure on the crypto market
