$JCT down to $0.0018, and above $0.0025 I'm wrong.
It printed $0.021344 on Nov 8 and trades $0.002087 now, down 54.2% in 24 hours on $240.2M of perp volume. Binance lists no spot pair for it, so that turnover is all derivatives.
Funding is still +0.014% per 4h, 70.7% of accounts are long, long/short ratio 2.41, open interest only $11.8M against $240.2M of turnover. Long leverage still pays to hold while price makes new lows.
A close above $0.0025 and I'm wrong.
Which comes first, $0.0018 or $0.0025?
It printed $0.021344 on Nov 8 and trades $0.002087 now, down 54.2% in 24 hours on $240.2M of perp volume. Binance lists no spot pair for it, so that turnover is all derivatives.
Funding is still +0.014% per 4h, 70.7% of accounts are long, long/short ratio 2.41, open interest only $11.8M against $240.2M of turnover. Long leverage still pays to hold while price makes new lows.
A close above $0.0025 and I'm wrong.
Which comes first, $0.0018 or $0.0025?
