⚔️ $SAND just gave us the follow-up I was waiting for
Yesterday the setup was messy — deeply negative funding, rising open interest and both sides fighting inside a crowded trade
Tonight, that pressure has cooled
📉 Funding has moved from roughly -0.48% this morning to just -0.017%
Open interest has also dropped from around 441M SAND to 413M, while price is actually back near $0.0765
That combination matters
Leverage is leaving the trade, but price hasn't collapsed with it
👀 Top-trader positioning has also moved almost perfectly neutral at roughly 50.5% long / 49.5% short
So this no longer looks like the same crowded squeeze setup from yesterday
🧠 The cleaner read now is simple
If SAND can keep holding while funding stays normal and OI rebuilds gradually, the move starts looking healthier
If OI suddenly jumps again without price making progress, then the leverage problem is coming back
⚠️ The battle hasn't disappeared — but the market just cleared out a lot of the excess
#CryptoTrading #futures
Yesterday the setup was messy — deeply negative funding, rising open interest and both sides fighting inside a crowded trade
Tonight, that pressure has cooled
📉 Funding has moved from roughly -0.48% this morning to just -0.017%
Open interest has also dropped from around 441M SAND to 413M, while price is actually back near $0.0765
That combination matters
Leverage is leaving the trade, but price hasn't collapsed with it
👀 Top-trader positioning has also moved almost perfectly neutral at roughly 50.5% long / 49.5% short
So this no longer looks like the same crowded squeeze setup from yesterday
🧠 The cleaner read now is simple
If SAND can keep holding while funding stays normal and OI rebuilds gradually, the move starts looking healthier
If OI suddenly jumps again without price making progress, then the leverage problem is coming back
⚠️ The battle hasn't disappeared — but the market just cleared out a lot of the excess
#CryptoTrading #futures
