$JCT plunged 20.7% in a day, with trading volume still at 675 million U, while open interest fell by 27%—clearly, longs are exiting. The retail long/short ratio is 0.81, leaning bearish, while large traders are still somewhat bullish at 1.54. The two sides are clearly moving in opposite directions.
Meanwhile, $INIT rose 76%, open interest more than tripled, and the funding rate is -0.84%. Shorts are getting skinned every funding interval. How many more rounds can this rate hold up?
#JCT #INIT
Meanwhile, $INIT rose 76%, open interest more than tripled, and the funding rate is -0.84%. Shorts are getting skinned every funding interval. How many more rounds can this rate hold up?
#JCT #INIT