🚨 Futures Alert: not sure what to make of these
Quick check on the futures board, and a couple of these made me look twice:
INIT: funding at -2.000%, 726K liquidated in 1h (mostly shorts).
Price +91.6% on the day, top traders' long/short at 0.91.
SOL: 8.6M liquidated in 1h (mostly longs).
Price -6.0% on the day, top traders' long/short at 2.23.
ZEC: open interest -10.5% in 1h to 1.84B, 7.4M liquidated in 1h (mostly longs).
Price -10.9% on the day, top traders' long/short at 1.56.
Leverage this stacked makes me nervous just reading it. Numbers above, no opinion on direction.
#Futures #CryptoTrading $INIT $SOL $ZEC
Quick check on the futures board, and a couple of these made me look twice:
INIT: funding at -2.000%, 726K liquidated in 1h (mostly shorts).
Price +91.6% on the day, top traders' long/short at 0.91.
SOL: 8.6M liquidated in 1h (mostly longs).
Price -6.0% on the day, top traders' long/short at 2.23.
ZEC: open interest -10.5% in 1h to 1.84B, 7.4M liquidated in 1h (mostly longs).
Price -10.9% on the day, top traders' long/short at 1.56.
Leverage this stacked makes me nervous just reading it. Numbers above, no opinion on direction.
#Futures #CryptoTrading $INIT $SOL $ZEC