$EVAA EVAAUSDT - Data - Price Up 117 Percent, But Everyone Is Still Short
1. Open Interest #EVAA
From 18:05 to 20:30, OI kept rising without dropping. It went from 14.6M to 15.4M.
Notional value also rose alongside it, from 33.0M to 37.3M. This means new money is still coming in, not just old positions being rotated.
This confirms that traders are still chasing the pump; it’s not just leftovers.
2. Top Trader Account Long/Short Ratio
This is the dangerous part. From 18:05 to 18:40, the ratio stayed at 0.52–0.53. Longs were around 34 percent versus 66 percent Shorts. Shorts had dominated from the start.
From 18:40 onward, it immediately broke down. The ratio kept falling without bouncing, reaching 0.46 at 20:30. Longs are now only around 31 percent versus 69 percent Shorts.
This means the higher the price goes, the more people are shorting. They think it has topped and want to short it.
$EVAA Conclusion:
Price: 2.4188, up 117.22 percent. OI rising + Shorts becoming more dominant = this is a classic short squeeze setup.
The growing pile of Shorts is what keeps pushing the price up, because they’re getting squeezed and have to buy back.
Don’t join the Shorts here; there’s a risk of another squeeze. If you want to join in, wait for the ratio to climb back above 0.52 before going Long. If the ratio breaks below 0.46, get ready for a big drop because Shorts have become too crowded.
$EVAA
1. Open Interest #EVAA
From 18:05 to 20:30, OI kept rising without dropping. It went from 14.6M to 15.4M.
Notional value also rose alongside it, from 33.0M to 37.3M. This means new money is still coming in, not just old positions being rotated.
This confirms that traders are still chasing the pump; it’s not just leftovers.
2. Top Trader Account Long/Short Ratio
This is the dangerous part. From 18:05 to 18:40, the ratio stayed at 0.52–0.53. Longs were around 34 percent versus 66 percent Shorts. Shorts had dominated from the start.
From 18:40 onward, it immediately broke down. The ratio kept falling without bouncing, reaching 0.46 at 20:30. Longs are now only around 31 percent versus 69 percent Shorts.
This means the higher the price goes, the more people are shorting. They think it has topped and want to short it.
$EVAA Conclusion:
Price: 2.4188, up 117.22 percent. OI rising + Shorts becoming more dominant = this is a classic short squeeze setup.
The growing pile of Shorts is what keeps pushing the price up, because they’re getting squeezed and have to buy back.
Don’t join the Shorts here; there’s a risk of another squeeze. If you want to join in, wait for the ratio to climb back above 0.52 before going Long. If the ratio breaks below 0.46, get ready for a big drop because Shorts have become too crowded.
$EVAA