$AKE
it just ran 170% in 24 hours. Everyone is calling it a pump. It is, but not the kind most people think.
Here's what the tape actually shows.
1. Through the first 50% leg, from $0.028 to $0.042, open interest went nowhere. 1.29B coins before, 1.28B after. Nobody new built a position. The longs from $0.021 to $0.026 cashed out and shorts took their place at $0.037 to $0.040.
2. Spot volume is about $28M a day. Perp volume is over $600M. You don't need to buy much coin to move a market that thin. Push spot, the perp follows.
3. Then it dipped to $0.040 and the shorts piled in harder. Account long/short ratio fell to 0.43. Funding went negative. Shorts were paying to stay in.
4. Three hours later it was at $0.064. OI dropped 70M coins in the move. That's the shorts getting liquidated, not longs closing.
Then it did it again. Pulled back to $0.060, shorts came back in, funding flipped negative again, and it printed $0.068.
5. Whales? Long the whole way. Position ratio went from 0.77 to 0.84 and never moved. So the thing being pumped isn't the coin. It's the people shorting it. Every dip loads the next round of fuel.
6. If you're shorting AKE because it's "obviously a scam," you're right about the coin and you're the exit liquidity anyway.
It runs until the shorts stop coming. Not before.
#scam #Binance
it just ran 170% in 24 hours. Everyone is calling it a pump. It is, but not the kind most people think.
Here's what the tape actually shows.
1. Through the first 50% leg, from $0.028 to $0.042, open interest went nowhere. 1.29B coins before, 1.28B after. Nobody new built a position. The longs from $0.021 to $0.026 cashed out and shorts took their place at $0.037 to $0.040.
2. Spot volume is about $28M a day. Perp volume is over $600M. You don't need to buy much coin to move a market that thin. Push spot, the perp follows.
3. Then it dipped to $0.040 and the shorts piled in harder. Account long/short ratio fell to 0.43. Funding went negative. Shorts were paying to stay in.
4. Three hours later it was at $0.064. OI dropped 70M coins in the move. That's the shorts getting liquidated, not longs closing.
Then it did it again. Pulled back to $0.060, shorts came back in, funding flipped negative again, and it printed $0.068.
5. Whales? Long the whole way. Position ratio went from 0.77 to 0.84 and never moved. So the thing being pumped isn't the coin. It's the people shorting it. Every dip loads the next round of fuel.
6. If you're shorting AKE because it's "obviously a scam," you're right about the coin and you're the exit liquidity anyway.
It runs until the shorts stop coming. Not before.
#scam #Binance