Saturday, 10 a.m.—an old Layer 1 has dug itself a roughly 16-point hole in a week, yet contract longs are still paying top-of-the-line rent, and the chair has barely moved.
$NEAR : about +0.6% in a day / about −16% in a week, account long/short ratio about 2.16→2.17 (roughly 68% locked in), funding rate at the cap at about +0.01%/8h, OI about +0.9%. Price is almost right where it started, positions have piled up a little, and they’re still paying top rent—don’t treat 3.75 as a complete flush.
Meanwhile, $INJ is up about +12.5% in a week, with about 66% in the chairs; two assets in the same sector have already taken different paths.
Are those paying rent in the hole holding on, or has the fuel simply not run out yet? Share a counterexample in the comments.
#midnovembermarket
$NEAR : about +0.6% in a day / about −16% in a week, account long/short ratio about 2.16→2.17 (roughly 68% locked in), funding rate at the cap at about +0.01%/8h, OI about +0.9%. Price is almost right where it started, positions have piled up a little, and they’re still paying top rent—don’t treat 3.75 as a complete flush.
Meanwhile, $INJ is up about +12.5% in a week, with about 66% in the chairs; two assets in the same sector have already taken different paths.
Are those paying rent in the hole holding on, or has the fuel simply not run out yet? Share a counterexample in the comments.
#midnovembermarket
