🔥 $AKE x5 in 2 days: a frenzy or a trap? 👇
📈 0.0027 → 0.0181 in just over 1 day. But 2 weeks ago, AKE had just plunged −91% (0.021 → 0.0019)
⚡ This afternoon, in just 1 hour: it surged to 0.0181, then fell back to 0.0091, a range of nearly 100%
🧲 The Short side is very crowded:
• About 6 out of 10 accounts are Short
• Funding at −1.65%/8h means Shorts are paying nearly 5% per day
• OI fell 22% in 4h: many positions were just liquidated
👀 A crowded Short side + high fees can trigger a sharp bounce, but with swings of ±30% per hour, either side can easily get liquidated.
#CryptoTradingInsights #BinanceSquareVietnam
📈 0.0027 → 0.0181 in just over 1 day. But 2 weeks ago, AKE had just plunged −91% (0.021 → 0.0019)
⚡ This afternoon, in just 1 hour: it surged to 0.0181, then fell back to 0.0091, a range of nearly 100%
🧲 The Short side is very crowded:
• About 6 out of 10 accounts are Short
• Funding at −1.65%/8h means Shorts are paying nearly 5% per day
• OI fell 22% in 4h: many positions were just liquidated
👀 A crowded Short side + high fees can trigger a sharp bounce, but with swings of ±30% per hour, either side can easily get liquidated.
#CryptoTradingInsights #BinanceSquareVietnam