$INIT is showing a potential short-squeeze setup.
Price is up 22.1% in just 4 hours, while open interest has climbed 20%.
Here's what stands out:
Shorts under pressure:
Funding: -0.175%/hour (shorts paying)
$76K short liquidations near $0.1532
Another $63K near $0.2087
$52K near $0.2208
Liquidity below price:
$302K in long liquidations near $0.1235
$145K near $0.1019
OI is now around 39% of market cap, so leverage is building quickly.
#INIT
Price is up 22.1% in just 4 hours, while open interest has climbed 20%.
Here's what stands out:
Shorts under pressure:
Funding: -0.175%/hour (shorts paying)
$76K short liquidations near $0.1532
Another $63K near $0.2087
$52K near $0.2208
Liquidity below price:
$302K in long liquidations near $0.1235
$145K near $0.1019
OI is now around 39% of market cap, so leverage is building quickly.
#INIT
