Crypto Market Insights • On-Chain Research • Whale Tracking • Trade Setups • Community: https://xitter.cf/t.co/nKr0KIvBSH • DYOR | NFA
Joined January 2022
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Welcome to the new Block Hunter community.
Everything I research, all in one place.
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Let Me Tell You What I’m Seeing on $AIN
First, look at the liquidation data. $AIN is already up around 225%, but we can see only around $301.7K in long liquidations and $716.5K in short liquidations over the last 24 hours. This is interesting because the price has pumped significantly, yet the liquidation amounts are still relatively small compared to the move.
Now,We can see that $AIN Open Interest is around $45.5M, up 324.05% in the last 24 hours. This means a lot of new positions have entered the market.
The funding rate is also positive, at around +0.1582% on Binance. This means long traders are paying short traders, showing that the cost of holding long positions is high.
But here’s the interesting part.Around 65–70% of traders are holding short positions across the short-term timeframes, while only around 30–35% are long.Based on my experience, when so many traders are short, the price could move higher first and liquidate more short positions before any major correction.
In my view, if buying pressure continues, $AIN could see more upside in the coming days. However, after such a strong pump, a correction is also possible, so stay alert.
NFA. DYOR.
As I said, guys! Now look at the $Q liquidation data.Around $4.1M in short positions have been liquidated in the last few hours, compared to just $1.4M in long liquidations.
After this move, we’re seeing more and more traders opening short positions on $Q. Do you think it’s over? I don’t think so. This is just the beginning!
Hope you guys enjoyed my $Q post and managed to make some good profits from it!
Here’s What I Think Happens Next on $Q
Right now, around 58% of traders are short. Based on my experience, when so many traders expect the price to fall, the market can sometimes move in the opposite direction first.
That’s why I think $Q could move higher and trigger a short squeeze. If the price goes up, more short positions could get liquidated, adding extra buying pressure.
Now, look at the Open Interest. $Q OI is up 166.57% in the last 24 hours, which means a lot of new positions are entering the market.
We can also see that funding rates are strongly positive, meaning long traders are paying short traders. This also means we need to be careful because too many leveraged longs can lead to a sharp correction.
In my view, $Q could move higher if buying pressure continues, but stay alert for a possible correction.
Not financial advice. DYOR.
So guys, we can see two large buy orders on $Q, worth around $139.11K and $59.77K, both at $0.189. 👀
$Q is going absolutely crazy!
