That move probably woke a lot of people up. $ONE is down 15.46% in a day, trading at 0.001733, just a step away from its 24-hour low of 0.001606.
In plain English: the funding rate has hit -0.12%. The short side is packed with people—so packed they're willing to pay just to stay short. When one side gets this crowded, it can get trampled the fastest—but on the flip side, if there's a real rebound, those crowded shorts are also the most likely to get squeezed into buying back.
I’d rather sit tight and watch for now. With the price dropping this fast and the funding rate this extreme, the direction could reverse and prove me wrong at any moment. But if it holds 0.001606 and the funding rate starts to recover, I’ll change my mind immediately.
If you’re holding $ONE , be honest: are you more tempted to buy more right now, or get out?
$ONE
#ONE #MarketAnalysis
In plain English: the funding rate has hit -0.12%. The short side is packed with people—so packed they're willing to pay just to stay short. When one side gets this crowded, it can get trampled the fastest—but on the flip side, if there's a real rebound, those crowded shorts are also the most likely to get squeezed into buying back.
I’d rather sit tight and watch for now. With the price dropping this fast and the funding rate this extreme, the direction could reverse and prove me wrong at any moment. But if it holds 0.001606 and the funding rate starts to recover, I’ll change my mind immediately.
If you’re holding $ONE , be honest: are you more tempted to buy more right now, or get out?
$ONE
#ONE #MarketAnalysis