$CHIP is climbing steadily toward the daily high. About 70% of retail accounts are short, yet the funding rate is nearly flat—shorts are crowded but paying very little. Wait for signs of weakness before chasing shorts.
Perpetuals are up about 6.3% over 24 hours, with roughly 11 million U in volume. After hitting a daily low of 0.03116 at 05:00, the price climbed in steps, then pushed higher again around 19:00–20:00. It’s now near 0.0352, close to the daily high of 0.03522. Open interest is flat at about 7.1 million U in notional value; around 68.5% of accounts are short, while large traders’ positioning is about 53% long, a slight lean toward neutral. The funding rate is near zero. No new posts from the project on X; this is an order-book-based observation.
Bearish case: Look for weakness to show first in a high-volume break below 0.034, the evening’s rising support step. The bearish view is invalidated if price holds above 0.0352 on strong volume while open interest rises. With accounts this crowded on the short side, a genuine breakout could trigger a squeeze.
With shorts so crowded and paying almost nothing in funding, which side do you trust more?
#CHIP贴日高空头挤 #Shorts crowded but paying almost nothing in funding
Perpetuals are up about 6.3% over 24 hours, with roughly 11 million U in volume. After hitting a daily low of 0.03116 at 05:00, the price climbed in steps, then pushed higher again around 19:00–20:00. It’s now near 0.0352, close to the daily high of 0.03522. Open interest is flat at about 7.1 million U in notional value; around 68.5% of accounts are short, while large traders’ positioning is about 53% long, a slight lean toward neutral. The funding rate is near zero. No new posts from the project on X; this is an order-book-based observation.
Bearish case: Look for weakness to show first in a high-volume break below 0.034, the evening’s rising support step. The bearish view is invalidated if price holds above 0.0352 on strong volume while open interest rises. With accounts this crowded on the short side, a genuine breakout could trigger a squeeze.
With shorts so crowded and paying almost nothing in funding, which side do you trust more?
#CHIP贴日高空头挤 #Shorts crowded but paying almost nothing in funding
