Shorts are paying 1.26% just to keep betting against a coin that's up 306% today.
$LSK doesn't care BTC is sitting flat at -0.7%, it's trading its own script entirely. 45 hours on the radar and it's up 463% since we first caught it, open interest now sitting at $30.9M with $152K more stacking in over the last hour alone.
Crowd's still 54% short into all of that, same lopsided book on Binance and Bybit both. Whoever's holding that short bag is burning close to $1.2M a day just to stay in the trade.
Stretched this far, it snaps both ways. NFA 👀
$LSK doesn't care BTC is sitting flat at -0.7%, it's trading its own script entirely. 45 hours on the radar and it's up 463% since we first caught it, open interest now sitting at $30.9M with $152K more stacking in over the last hour alone.
Crowd's still 54% short into all of that, same lopsided book on Binance and Bybit both. Whoever's holding that short bag is burning close to $1.2M a day just to stay in the trade.
Stretched this far, it snaps both ways. NFA 👀