If you think $GTC will drop after a big rise, you're mistaken ⚠️👇
This has become one of the most brutal short-position liquidations in a coin.
A massive and extremely brutal trap has been set for short positions.
Funding has officially gone insane: -1.9838%. This means short contracts are paying funding worth 2% of their positions every 4 to 8 hours.
Open interest is still rising. Do you know what that means?
Combined with a huge negative funding rate, this means short contracts are fighting the trend and still haven't closed their positions, believing that a top has formed.
So, which direction is expected? 👇
More pressure on short contracts is expected, with a rise toward
0.3/0.32/0.36
Short contracts are fighting the trend, and funding is massively negative. Here, the market maker will create pressure to liquidate them.
This has become one of the most brutal short-position liquidations in a coin.
A massive and extremely brutal trap has been set for short positions.
Funding has officially gone insane: -1.9838%. This means short contracts are paying funding worth 2% of their positions every 4 to 8 hours.
Open interest is still rising. Do you know what that means?
Combined with a huge negative funding rate, this means short contracts are fighting the trend and still haven't closed their positions, believing that a top has formed.
So, which direction is expected? 👇
More pressure on short contracts is expected, with a rise toward
0.3/0.32/0.36
Short contracts are fighting the trend, and funding is massively negative. Here, the market maker will create pressure to liquidate them.