$SOXL rose 40% overnight, while shorts are still handing over the keys: price hit a new high, but open interest fell another 17%.
Data (Binance USDT-margined, around 08:00 Beijing time on 11/10): SOXLUSDT last ~57.7, +31% over 24h, volume ~4.87 billion U, ranked 3rd in USDT-margined trading volume, behind only BTC/ETH. It climbed steadily from yesterday’s 15:00 low of 41.34 to 57.83. Since 23:00 last night, OI fell from 7.77 million contracts to 6.42 million (about 413 million → 368 million U), while price rose from ~55 to 57.7—a classic short squeeze. The inverse $SOXS also fell 27.7%. Funding rates eased from +0.015% to +0.006%; long accounts are 74.8%, and the long/short ratio is 2.97.
After the U.S. stock market closed, SOXL perpetuals traded in a narrow 56.4–57.8 range. Volume over the past hour was down to just 36 million U—the shorts who chased in at 47 yesterday and held on even at 53 have basically all been shaken out.
Next 12–48 hours (an estimate, not a guarantee): if 56.4 holds, it could test 58–60 during the U.S. pre-market (after 17:00 Beijing time); if it breaks below 56.4, first look for a pullback to 55–54 to build volume. A high-volume break below 54 with OI continuing to fall would mean this move was purely short covering, with no new longs stepping in to carry it forward—invalidating the rally.
Short fuel is nearly spent. The next leg depends on whether new longs dare to enter. Don’t get greedy with leverage.
#合约 #币安 #美股 #SOXL
Data (Binance USDT-margined, around 08:00 Beijing time on 11/10): SOXLUSDT last ~57.7, +31% over 24h, volume ~4.87 billion U, ranked 3rd in USDT-margined trading volume, behind only BTC/ETH. It climbed steadily from yesterday’s 15:00 low of 41.34 to 57.83. Since 23:00 last night, OI fell from 7.77 million contracts to 6.42 million (about 413 million → 368 million U), while price rose from ~55 to 57.7—a classic short squeeze. The inverse $SOXS also fell 27.7%. Funding rates eased from +0.015% to +0.006%; long accounts are 74.8%, and the long/short ratio is 2.97.
After the U.S. stock market closed, SOXL perpetuals traded in a narrow 56.4–57.8 range. Volume over the past hour was down to just 36 million U—the shorts who chased in at 47 yesterday and held on even at 53 have basically all been shaken out.
Next 12–48 hours (an estimate, not a guarantee): if 56.4 holds, it could test 58–60 during the U.S. pre-market (after 17:00 Beijing time); if it breaks below 56.4, first look for a pullback to 55–54 to build volume. A high-volume break below 54 with OI continuing to fall would mean this move was purely short covering, with no new longs stepping in to carry it forward—invalidating the rally.
Short fuel is nearly spent. The next leg depends on whether new longs dare to enter. Don’t get greedy with leverage.
#合约 #币安 #美股 #SOXL