$H got wrecked in a day, but the data tells me the shorts are running out of ammo.
24h drop of -43.8%, but funding rate is at -0.0206%, and OI shrank by 4% in the last 5 minutes—these bears aren’t adding to their positions, they’re bailing out.
Right now, it’s not about how much lower we can go, but who gets forced to close their positions first.
Keep an eye on 0.13; if we break above that, the shorts will have to pay up; if we can’t hold it, this squeeze might just be a fakeout.
At this level, everyone is fleeing; do you dare to go against the crowd and scoop up some chips? Drop your cost basis in the comments.
#ShadowShaman
24h drop of -43.8%, but funding rate is at -0.0206%, and OI shrank by 4% in the last 5 minutes—these bears aren’t adding to their positions, they’re bailing out.
Right now, it’s not about how much lower we can go, but who gets forced to close their positions first.
Keep an eye on 0.13; if we break above that, the shorts will have to pay up; if we can’t hold it, this squeeze might just be a fakeout.
At this level, everyone is fleeing; do you dare to go against the crowd and scoop up some chips? Drop your cost basis in the comments.
#ShadowShaman