$BIRB The market is building up tension.
Open interest rose 45.6% in 24 hours, reaching $12 million.
Volumes surged, while funding on Binance and Bybit fell to −0.3403% and −0.4546%.
At the same time, around 59% of traders are long.
What does this mean? Short sellers are paying to hold their positions, but buyers are already starting to dominate.
If the price continues to rise, short liquidations could accelerate the upward move.
However, the large number of long positions creates a risk of a sharp pullback.
My conclusion: $BIRB deserves close attention right now. The next move could be very sharp.
#BIRB #ShortSqueeze #CryptoTrading
Open interest rose 45.6% in 24 hours, reaching $12 million.
Volumes surged, while funding on Binance and Bybit fell to −0.3403% and −0.4546%.
At the same time, around 59% of traders are long.
What does this mean? Short sellers are paying to hold their positions, but buyers are already starting to dominate.
If the price continues to rise, short liquidations could accelerate the upward move.
However, the large number of long positions creates a risk of a sharp pullback.
My conclusion: $BIRB deserves close attention right now. The next move could be very sharp.
#BIRB #ShortSqueeze #CryptoTrading