$ANTHROPIC is down 35% in 30 days and 81% of retail accounts are still long.
As of 18:05 Kyiv time, Nov 10. The perp trades at 1315.50 USD, off 7.1% on the day, and today's low of 1254.48 is the lowest print of the last 30 days. Thirty days ago it closed at 2011.95 USD. Contracts open rose 28% in 24 hours, so money is arriving, not leaving.
Retail sits at 81.2% long, near the top of its own 30 day range of 70.3% to 83.8%. Top traders hold 69.7% of positions long. Funding is 0.015% a day, so almost nobody is paying to hold that crowd.
On Angle 1: the talk moved from a 2 trillion USD valuation down to about 1.5 trillion, and the open question is whether 1 trillion holds. What the Binance data adds is that the pre IPO perp already cut a third while positioning got more one sided, not less. When price falls and the crowd stays on one side, that side is what gets tested.
I don't know where it prices on debut. The data shows how crowded one side is, not what the order book looks like on day one.
Before you add to a pre IPO position, check the funding and the long share on the contract you actually hold.
Which do you trust more here, the price or the positioning?
#AnthropicIPO #Market_Update
As of 18:05 Kyiv time, Nov 10. The perp trades at 1315.50 USD, off 7.1% on the day, and today's low of 1254.48 is the lowest print of the last 30 days. Thirty days ago it closed at 2011.95 USD. Contracts open rose 28% in 24 hours, so money is arriving, not leaving.
Retail sits at 81.2% long, near the top of its own 30 day range of 70.3% to 83.8%. Top traders hold 69.7% of positions long. Funding is 0.015% a day, so almost nobody is paying to hold that crowd.
On Angle 1: the talk moved from a 2 trillion USD valuation down to about 1.5 trillion, and the open question is whether 1 trillion holds. What the Binance data adds is that the pre IPO perp already cut a third while positioning got more one sided, not less. When price falls and the crowd stays on one side, that side is what gets tested.
I don't know where it prices on debut. The data shows how crowded one side is, not what the order book looks like on day one.
Before you add to a pre IPO position, check the funding and the long share on the contract you actually hold.
Which do you trust more here, the price or the positioning?
#AnthropicIPO #Market_Update