Yesterday, I gave $ARIA an A/B question. The answer was B—it just got shaken out harder than I expected.
▪️ November 11 peak: 0.3238 → tonight’s low: 0.1314, a 59% pullback
▪️ In the hour from 9 p.m. tonight, it plunged from 0.1675 to 0.1344
▪️ Coins held: 109.3 million at 8 p.m. → 112.9 million at 10 p.m. Price fell while holdings increased
Yesterday’s main takeaway was that there were fewer long traders, but their positions were larger. The 4-hour funding rate briefly hit 0.128%. Now the rate is back near its 0.005% floor, while the long/short trader ratio is almost unchanged at 0.85. The longs have run out of steam.
Price is back around where it was on November 4. I can’t tell whether the 3.6 million coins added in the last two hours are dip-buying or shorts piling in. For now, I’m watching to see if 0.13 holds.
#ARIA #ContractReview
▪️ November 11 peak: 0.3238 → tonight’s low: 0.1314, a 59% pullback
▪️ In the hour from 9 p.m. tonight, it plunged from 0.1675 to 0.1344
▪️ Coins held: 109.3 million at 8 p.m. → 112.9 million at 10 p.m. Price fell while holdings increased
Yesterday’s main takeaway was that there were fewer long traders, but their positions were larger. The 4-hour funding rate briefly hit 0.128%. Now the rate is back near its 0.005% floor, while the long/short trader ratio is almost unchanged at 0.85. The longs have run out of steam.
Price is back around where it was on November 4. I can’t tell whether the 3.6 million coins added in the last two hours are dip-buying or shorts piling in. For now, I’m watching to see if 0.13 holds.
#ARIA #ContractReview