$OGN 𝗵𝗮𝘀 𝗻𝗲𝗮𝗿𝗹𝘆 𝗱𝗼𝘂𝗯𝗹𝗲𝗱 𝘁𝗼𝗱𝗮𝘆, 𝗮𝗻𝗱 𝘀𝗵𝗼𝗿𝘁𝘀 𝘀𝘁𝗶𝗹𝗹 𝘄𝗼𝗻'𝘁 𝗹𝗲𝘁 𝗴𝗼.
Origin Protocol ran from about $0.021 to $0.041 on spot, up 93% in 24 hours.
On Binance Futures, open interest went from roughly $2M to $15M in about five hours, while funding sits near -1% per 4 hours. Shorts are paying heavily to hold their bets.
The perp is also trading about 4% below spot. No verified catalyst yet, so this is positioning, not news.
More fuel left, or is the squeeze running on fumes?
NFA.
#OriginProtocol #ShortSqueeze
Origin Protocol ran from about $0.021 to $0.041 on spot, up 93% in 24 hours.
On Binance Futures, open interest went from roughly $2M to $15M in about five hours, while funding sits near -1% per 4 hours. Shorts are paying heavily to hold their bets.
The perp is also trading about 4% below spot. No verified catalyst yet, so this is positioning, not news.
More fuel left, or is the squeeze running on fumes?
NFA.
#OriginProtocol #ShortSqueeze