Most $EVAA traders are betting against this rally. But there's something interesting happening with the bigger positions. 👀
$EVAA is up more than 115% in 24 hours, now trading around $2.34 after bouncing from $1.90.
Here's where things get interesting.
Open interest has jumped 183% to $87.76M, while futures volume crossed $1.07B, nearly 30x spot volume. This rally is being driven heavily by derivatives activity.
Across Binance, Bybit, and Gate, account long/short ratios are between 0.61 and 0.67. Even Binance top-trader accounts lean short at 0.55.
But larger positions tell a different story.
Binance top traders have a 1.44 long/short position ratio, meaning their larger positions are still leaning long while the broader crowd keeps shorting. Taker buy volume also has a slight edge across major exchanges.
Now watch these levels:
Buyers have moved a $126.7K futures buy wall up to $2.20, while a $99.5K sell wall sits around $2.50.
Below $2.20, there's another $214.1K long liquidation cluster near $2.105.
One thing to be careful about: funding is already elevated at 0.0825% every 8 hours, so volatility can get nasty in either direction.
Not finicial advice, DYOR. $EVAA
#EVAA #EVAAAnalysis #EVAAUpdate
$EVAA is up more than 115% in 24 hours, now trading around $2.34 after bouncing from $1.90.
Here's where things get interesting.
Open interest has jumped 183% to $87.76M, while futures volume crossed $1.07B, nearly 30x spot volume. This rally is being driven heavily by derivatives activity.
Across Binance, Bybit, and Gate, account long/short ratios are between 0.61 and 0.67. Even Binance top-trader accounts lean short at 0.55.
But larger positions tell a different story.
Binance top traders have a 1.44 long/short position ratio, meaning their larger positions are still leaning long while the broader crowd keeps shorting. Taker buy volume also has a slight edge across major exchanges.
Now watch these levels:
Buyers have moved a $126.7K futures buy wall up to $2.20, while a $99.5K sell wall sits around $2.50.
Below $2.20, there's another $214.1K long liquidation cluster near $2.105.
One thing to be careful about: funding is already elevated at 0.0825% every 8 hours, so volatility can get nasty in either direction.
Not finicial advice, DYOR. $EVAA
#EVAA #EVAAAnalysis #EVAAUpdate
