$ONE As the price kept rising, short positions kept piling up instead: OI contracts rose from about 4.01 billion at 05:00 to about 4.69 billion at 10:00 (+17%). The funding rate is still around -0.1%. Shorts chasing the move now risk getting squeezed out in one go.
After trading sideways all night, about 27.05 million U pushed the price from 0.001764 to 0.0019369 over the two hours from 08:00 to 09:00. It tested 0.0019487 again at 10:10 and is now around 0.00189, just about 9% below last night's daily high of 0.0020698. Up about 34.7% over 24 hours, with roughly 246 million U in trading volume.
Who's paying: funding settled at -0.098% at 08:00, and the current forecast is about -0.11%. Shorts are paying every four hours, yet the price isn't falling. From 08:00 to 09:00, aggressive selling was slightly higher than aggressive buying, while OI grew by about 490 million contracts as the price rose—more like someone opening shorts against the uptrend. The account long ratio fell from about 56% to about 55%; retail traders are also gradually turning bearish.
For shorts to win, watch for a high-volume drop back to 0.001764, accompanied by falling OI. If the price holds above 0.0020698 on high volume while the funding rate stays deeply negative, shorts will be forced to cover and the bearish thesis will be invalidated. How long can these shorts keep paying and holding on?
#ONE空单越堆越多 #ShortsKeepPaying
After trading sideways all night, about 27.05 million U pushed the price from 0.001764 to 0.0019369 over the two hours from 08:00 to 09:00. It tested 0.0019487 again at 10:10 and is now around 0.00189, just about 9% below last night's daily high of 0.0020698. Up about 34.7% over 24 hours, with roughly 246 million U in trading volume.
Who's paying: funding settled at -0.098% at 08:00, and the current forecast is about -0.11%. Shorts are paying every four hours, yet the price isn't falling. From 08:00 to 09:00, aggressive selling was slightly higher than aggressive buying, while OI grew by about 490 million contracts as the price rose—more like someone opening shorts against the uptrend. The account long ratio fell from about 56% to about 55%; retail traders are also gradually turning bearish.
For shorts to win, watch for a high-volume drop back to 0.001764, accompanied by falling OI. If the price holds above 0.0020698 on high volume while the funding rate stays deeply negative, shorts will be forced to cover and the bearish thesis will be invalidated. How long can these shorts keep paying and holding on?
#ONE空单越堆越多 #ShortsKeepPaying
