$SOL 86.5u: Funding is painfully negative—Shorts should be careful not to get wrecked during the London session.
Derivatives data:
• Funding rate: deeply negative at -0.0093% (Shorts are paying the costs to push prices down).
• Top Trader L/S: 2.25 (over 69% of whales are still holding Longs).
• OI: tightly compressed around 794M USDT after testing the 85u bottom.
Scenario: Pressing Shorts at a strong support level while funding is deeply negative could easily trigger a Short Squeeze, with a wick sweeping upward toward 89–90u. Don’t FOMO into resistance; watch for a chance to buy the dip if a flush wick drops near 85u.
Are you still holding Shorts, or have you placed Long orders to catch the next wave?
$SOL $BTC #Trading #BinanceSquare
Derivatives data:
• Funding rate: deeply negative at -0.0093% (Shorts are paying the costs to push prices down).
• Top Trader L/S: 2.25 (over 69% of whales are still holding Longs).
• OI: tightly compressed around 794M USDT after testing the 85u bottom.
Scenario: Pressing Shorts at a strong support level while funding is deeply negative could easily trigger a Short Squeeze, with a wick sweeping upward toward 89–90u. Don’t FOMO into resistance; watch for a chance to buy the dip if a flush wick drops near 85u.
Are you still holding Shorts, or have you placed Long orders to catch the next wave?
$SOL $BTC #Trading #BinanceSquare