$INIT 0.313, +97% in 24h, a 0.154 to 0.332 run, on the day Initia halted its chain after an exploit of about $615K. 🤯
Funding hit the -2% cap at 16:00 UTC, 60% of futures accounts are short, and perp volume is $1.17B against $35M on spot. That reads like a squeeze, not good news. I'd rather watch what happens after the spike than chase it.
Funding hit the -2% cap at 16:00 UTC, 60% of futures accounts are short, and perp volume is $1.17B against $35M on spot. That reads like a squeeze, not good news. I'd rather watch what happens after the spike than chase it.