$JCT Pumped Over 80%... And Many of You Think More Upside Is Coming đš But Guys, Read the Data First!
Open interest climbed sharply to around 4.29B $JCT , while funding is positive at 0.03501%. Top-trader long/short ratios are around 1.148 by accounts and 1.695 by positions. Leverage is elevated, so another squeeze is possible, but a sharp flush is also a risk.
The 24H/48H liquidation heatmaps show liquidity around $0.00260-$0.00280, with higher clusters near $0.00293. Below price, watch $0.00235, $0.00220-$0.00218, and deeper zones. Price could still move higher to hunt liquidity before reversing.
Here's the important part: futures CVD is around +71.1M JCT and spot CVD around +209M. Orderbook liquidity delta is +467.8K, while taker buy/sell volume is roughly 1.12B vs 1.2B. Buying pressure is still visible, but taker activity isn't strongly favoring buyers.
Futures flows are negative by around $732K over 24H, while spot flows remain positive by $128.6K. So yes, another pump is possible because spot buying and positive CVD haven't disappeared. But the huge rally, elevated leverage, and negative futures flows also leave room for a deeper pullback.
For the next 2-3 days, I'm leaning toward a LONG on a deeper pullback rather than chasing here. If you want a quick trade, a short after a 30m rejection could work, but don't assume the rejection will happen.
For a quick short, wait for rejection and weakening CVD. If CVD stays positive or strengthens, don't force it.
For my long plan, wait for recommended or deeper entry zone, then check the 1H data. If spot CVD stays positive and futures flows turn positive again, the long setup becomes stronger.
You can long now, but after an 80%+ pump, a 20-30% drop is possible and your RR become worse. I'd rather wait for a better entry than chase. $RLC
Open interest climbed sharply to around 4.29B $JCT , while funding is positive at 0.03501%. Top-trader long/short ratios are around 1.148 by accounts and 1.695 by positions. Leverage is elevated, so another squeeze is possible, but a sharp flush is also a risk.
The 24H/48H liquidation heatmaps show liquidity around $0.00260-$0.00280, with higher clusters near $0.00293. Below price, watch $0.00235, $0.00220-$0.00218, and deeper zones. Price could still move higher to hunt liquidity before reversing.
Here's the important part: futures CVD is around +71.1M JCT and spot CVD around +209M. Orderbook liquidity delta is +467.8K, while taker buy/sell volume is roughly 1.12B vs 1.2B. Buying pressure is still visible, but taker activity isn't strongly favoring buyers.
Futures flows are negative by around $732K over 24H, while spot flows remain positive by $128.6K. So yes, another pump is possible because spot buying and positive CVD haven't disappeared. But the huge rally, elevated leverage, and negative futures flows also leave room for a deeper pullback.
For the next 2-3 days, I'm leaning toward a LONG on a deeper pullback rather than chasing here. If you want a quick trade, a short after a 30m rejection could work, but don't assume the rejection will happen.
For a quick short, wait for rejection and weakening CVD. If CVD stays positive or strengthens, don't force it.
For my long plan, wait for recommended or deeper entry zone, then check the 1H data. If spot CVD stays positive and futures flows turn positive again, the long setup becomes stronger.
You can long now, but after an 80%+ pump, a 20-30% drop is possible and your RR become worse. I'd rather wait for a better entry than chase. $RLC