đđ$AKE /USDT: Short Squeeze at the Finish Line? Metrics Analysis and Risks
The price of the AKE coin shows +42% growth, but if you look under the hood of the metrics, the picture becomes much more interesting.
đ What is really pushing the price up?
1ïžâŁ Short Squeeze:
Open Interest (OI) fell sharply from 33.6B to 18.1B. This means that the growth is not due to filling the market with new buyers, but to mass liquidations and forced closing of short positions.
2ïžâŁ Deeply Negative Funding:
The funding rate has fallen to -0.0315% ... -0.2%. Shorts continue to pay longs to hold positions, which creates an artificial fuel resource for further squeezing.
3ïžâŁ Top traders' actions:
The Long/Short ratio of large players by position volume fell below unity (from 1.15 to 0.97). Big capital is locking in profits on longs and preparing for a reversal, while retail is sitting in shorts.
đ Where next?
đ Local takeaway (Spike): Due to high negative funding, a final impulse throw up beyond the high of 0.0028965 (towards 0.00295 - 0.00300) is possible for the remaining stops.
đ Main scenario (Correction): The fuel for the pump is running out. After the withdrawal of the last liquidity, a rollback to the levels of 0.00256 - 0.00245 (MA5/MA10) is expected, and in the case of a strong dump impulse - to 0.00220.
â ïž Summary: Longing from current levels is a game of roulette. For shorts, it is safer to wait for the structure to break down into lower TFs or for a confirmed withdrawal of liquidity from the high.
The price of the AKE coin shows +42% growth, but if you look under the hood of the metrics, the picture becomes much more interesting.
đ What is really pushing the price up?
1ïžâŁ Short Squeeze:
Open Interest (OI) fell sharply from 33.6B to 18.1B. This means that the growth is not due to filling the market with new buyers, but to mass liquidations and forced closing of short positions.
2ïžâŁ Deeply Negative Funding:
The funding rate has fallen to -0.0315% ... -0.2%. Shorts continue to pay longs to hold positions, which creates an artificial fuel resource for further squeezing.
3ïžâŁ Top traders' actions:
The Long/Short ratio of large players by position volume fell below unity (from 1.15 to 0.97). Big capital is locking in profits on longs and preparing for a reversal, while retail is sitting in shorts.
đ Where next?
đ Local takeaway (Spike): Due to high negative funding, a final impulse throw up beyond the high of 0.0028965 (towards 0.00295 - 0.00300) is possible for the remaining stops.
đ Main scenario (Correction): The fuel for the pump is running out. After the withdrawal of the last liquidity, a rollback to the levels of 0.00256 - 0.00245 (MA5/MA10) is expected, and in the case of a strong dump impulse - to 0.00220.
â ïž Summary: Longing from current levels is a game of roulette. For shorts, it is safer to wait for the structure to break down into lower TFs or for a confirmed withdrawal of liquidity from the high.