Thinking of opening a SHORT on $INIT now? The crowd is already positioned on the sell side, and the Funding Rate has reached extremely negative levels at -0.7533.
This type of positioning can become fuel for a Short Squeeze, as sellers’ own positions become the source of liquidity for an upward move.
The most likely scenario: a bullish reversal toward 0.17$ and then 0.19$–0.192$, the last supply zone.
$INIT
USDT$
Perpetual
0.18172
+51%
INIT
0.19091
This type of positioning can become fuel for a Short Squeeze, as sellers’ own positions become the source of liquidity for an upward move.
The most likely scenario: a bullish reversal toward 0.17$ and then 0.19$–0.192$, the last supply zone.
$INIT
USDT$
Perpetual
0.18172
+51%
INIT
0.19091