$AKE perp is crowded and 6% above spot. Target $0.0039, wrong above $0.0055.
Up 97% in 24h to $0.00489 on 192M USD volume, and Binance lists no AKE spot pair.
Funding runs +0.0596% per 4h, 0.36% a day, next settlement at 16:00.
Open interest is 18.7M USD, up 144% in 24h and 45% in the last hour.
Nobody sets a target when carry is this rich.
My call: $AKE drops to $0.0039 before it clears $0.0055. A close above $0.0055 and I'm wrong.
Which comes first, $0.0039 or $0.0055?
Up 97% in 24h to $0.00489 on 192M USD volume, and Binance lists no AKE spot pair.
Funding runs +0.0596% per 4h, 0.36% a day, next settlement at 16:00.
Open interest is 18.7M USD, up 144% in 24h and 45% in the last hour.
Nobody sets a target when carry is this rich.
My call: $AKE drops to $0.0039 before it clears $0.0055. A close above $0.0055 and I'm wrong.
Which comes first, $0.0039 or $0.0055?
