fundingflip

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misterm7
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SHIB closed under $0.000004 yesterday — the first daily close below that line since spring 2021. Perps flipped too: funding is -0.0088% per 8h, so shorts pay longs. I called the $0.00000405 floor break this morning. Nov 14 closed at $0.00000384, low $0.00000370; today we're back to $0.00000396. Still under the line. Perp volume jumped 79% to $58.17M while open interest fell 19.5% to $23.78M (CoinPerps, 12:56 UTC) — longs closing out. $442.7K of longs liquidated vs $45K shorts, and 44.6B SHIB changed hands on Kraken last night. Lean stays bearish under $0.000004, but the crowded side is now short — a reclaim close could squeeze fast. $PEPE is in the same boat at $0.00000402, under its $0.00000429 line. Close above $0.00000416 on $SHIB ends the flush; break $0.00000370 and fresh lows open. Daily close above $0.00000416 on $SHIB, or a break of $0.00000370 — which side are you watching? Not financial advice. DYOR. #SHIB #FundingFlip #MemeCoins
SHIB closed under $0.000004 yesterday — the first daily close below that line since spring 2021. Perps flipped too: funding is -0.0088% per 8h, so shorts pay longs.

I called the $0.00000405 floor break this morning. Nov 14 closed at $0.00000384, low $0.00000370; today we're back to $0.00000396. Still under the line.

Perp volume jumped 79% to $58.17M while open interest fell 19.5% to $23.78M (CoinPerps, 12:56 UTC) — longs closing out. $442.7K of longs liquidated vs $45K shorts, and 44.6B SHIB changed hands on Kraken last night.

Lean stays bearish under $0.000004, but the crowded side is now short — a reclaim close could squeeze fast. $PEPE is in the same boat at $0.00000402, under its $0.00000429 line. Close above $0.00000416 on $SHIB ends the flush; break $0.00000370 and fresh lows open.

Daily close above $0.00000416 on $SHIB , or a break of $0.00000370 — which side are you watching?

Not financial advice. DYOR.
#SHIB #FundingFlip #MemeCoins
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