$AKE surged 384% in a day. When I saw it, I thought the data had been pulled incorrectly.
Trading volume hit 1.2 billion U, and open interest rose 425% in a day. The funding rate is already at 0.105%, so longs are paying shorts. Interestingly, the retail long/short ratio is only 0.45, with more accounts short than long, yet the price keeps pushing higher—a classic short-squeeze setup.
I personally wouldn’t touch a move like this. I’m just watching to see when the funding rate turns around. #币安广场 #Futures
Trading volume hit 1.2 billion U, and open interest rose 425% in a day. The funding rate is already at 0.105%, so longs are paying shorts. Interestingly, the retail long/short ratio is only 0.45, with more accounts short than long, yet the price keeps pushing higher—a classic short-squeeze setup.
I personally wouldn’t touch a move like this. I’m just watching to see when the funding rate turns around. #币安广场 #Futures