$MINA’s selloff is no longer just a price story. It is a positioning test.
$MINA is down about 36% over seven days and 17% in 24 hours. Yet aggregate futures open interest is almost unchanged on the day, while average funding across major exchanges is deeply negative. On #Binance , funding was around -0.18%.
That means the move has not fully cleared leverage. Shorts are still paying to hold exposure near the lows.
The trend remains bearish while price keeps making new lows. But if price stabilizes and funding stays negative, late shorts become fuel for a squeeze. If price extends lower while #OI holds, sellers still control the tape.
Watch price, OI and funding together. The crowded side may be changing.
$MINA is down about 36% over seven days and 17% in 24 hours. Yet aggregate futures open interest is almost unchanged on the day, while average funding across major exchanges is deeply negative. On #Binance , funding was around -0.18%.
That means the move has not fully cleared leverage. Shorts are still paying to hold exposure near the lows.
The trend remains bearish while price keeps making new lows. But if price stabilizes and funding stays negative, late shorts become fuel for a squeeze. If price extends lower while #OI holds, sellers still control the tape.
Watch price, OI and funding together. The crowded side may be changing.