$INIT funding is sitting at -1.72% and the coin is up 15% on 1.3B volume. shorts are paying longs a fortune every funding window just to stay in the trade.
OI only 14M though, up 37% in a day. tiny book, huge volume. retail long/short is 0.91 so it's not even crowded long, it's a squeeze setup in a thin market.
who blinks first, the shorts or the funding bill?
#Binance #INIT
OI only 14M though, up 37% in a day. tiny book, huge volume. retail long/short is 0.91 so it's not even crowded long, it's a squeeze setup in a thin market.
who blinks first, the shorts or the funding bill?
#Binance #INIT