🚨 Futures Alert: not sure what to make of these
Quick check on the futures board, and a couple of these made me look twice:
ZEC: 7.5M liquidated in 1h (mostly longs).
Price -15.2% on the day, top traders' long/short at 1.50.
INIT: open interest +8.2% in 1h to 45.8M, funding at -0.972%.
Price +85.5% on the day, top traders' long/short at 0.92.
HYPE: 1.3M liquidated in 1h (mostly longs).
Price -5.9% on the day, top traders' long/short at 2.97.
Data's just data. Still, I'd keep leverage low around these.
#Futures #CryptoTrading $ZEC $INIT $HYPE
Quick check on the futures board, and a couple of these made me look twice:
ZEC: 7.5M liquidated in 1h (mostly longs).
Price -15.2% on the day, top traders' long/short at 1.50.
INIT: open interest +8.2% in 1h to 45.8M, funding at -0.972%.
Price +85.5% on the day, top traders' long/short at 0.92.
HYPE: 1.3M liquidated in 1h (mostly longs).
Price -5.9% on the day, top traders' long/short at 2.97.
Data's just data. Still, I'd keep leverage low around these.
#Futures #CryptoTrading $ZEC $INIT $HYPE