$STRK is up about 138% in four days. It closed near 0.049 on Wednesday and trades around 0.117 now.
The part I find interesting: funding on the STRK perp is slightly negative, around -0.001%. After a move this big, you'd expect longs to be paying. Instead shorts are still leaning in.
What that can mean:
- Shorts adding into strength can fuel more squeezes if price keeps rising
- The rally isn't built on crowded leveraged longs, at least not yet
What it doesn't mean: that the move is safe to chase. The 30-day low is near 0.026. A coin that runs this fast can give back half of it in a day.
NFA. Are you trading STRK here or watching from the side?
The part I find interesting: funding on the STRK perp is slightly negative, around -0.001%. After a move this big, you'd expect longs to be paying. Instead shorts are still leaning in.
What that can mean:
- Shorts adding into strength can fuel more squeezes if price keeps rising
- The rally isn't built on crowded leveraged longs, at least not yet
What it doesn't mean: that the move is safe to chase. The 30-day low is near 0.026. A coin that runs this fast can give back half of it in a day.
NFA. Are you trading STRK here or watching from the side?