The liquidity sector put on its own dump today.
Spot is down about 13.8% on the day, slipping to around 2.30, with nearly $40 million in futures volume. Open interest shed another roughly 3.4% over the past hour—faster than the price drop. The account long/short ratio is still skewed long at around 1.70. With both price and positions coming down, this looks more like a flush than a shakeout. Let the momentum burn itself out first; don’t rush to buy that long wick.
$FLUID
#BinanceWillResumeWithdrawalsForMoreAssets
Spot is down about 13.8% on the day, slipping to around 2.30, with nearly $40 million in futures volume. Open interest shed another roughly 3.4% over the past hour—faster than the price drop. The account long/short ratio is still skewed long at around 1.70. With both price and positions coming down, this looks more like a flush than a shakeout. Let the momentum burn itself out first; don’t rush to buy that long wick.
$FLUID
#BinanceWillResumeWithdrawalsForMoreAssets
