🚨 Futures Alert: positioning got weird this hour
Not much I trust in this market, but the positioning data doesn't lie. Here's what jumped out:
ZEC: 632K liquidated in 1h (mostly longs).
Price -4.6% on the day, top traders' long/short at 1.56.
ON: open interest +15.1% in 1h to 13.2M.
Price -14.6% on the day, top traders' long/short at 1.58.
JCT: funding at +0.074%.
Price -5.6% on the day, top traders' long/short at 1.47.
Fast OI and funding swings tend to end in a wick one way or the other. Plenty of people end up on the wrong side of those. Size carefully.
#Futures #CryptoTrading $ZEC $ON $JCT
Not much I trust in this market, but the positioning data doesn't lie. Here's what jumped out:
ZEC: 632K liquidated in 1h (mostly longs).
Price -4.6% on the day, top traders' long/short at 1.56.
ON: open interest +15.1% in 1h to 13.2M.
Price -14.6% on the day, top traders' long/short at 1.58.
JCT: funding at +0.074%.
Price -5.6% on the day, top traders' long/short at 1.47.
Fast OI and funding swings tend to end in a wick one way or the other. Plenty of people end up on the wrong side of those. Size carefully.
#Futures #CryptoTrading $ZEC $ON $JCT