$BICO shot up 71% but what Shadow sees is the shorts paying the bulls protection fees
BICO just skyrocketed 71%, crushing the entire gainers and losers list. But if you check the derivatives data, the funding rate is -0.079%—which means if you're long, you're not just profiting from the price increase, but also raking in 0.079% daily from the shorts. This isn't just bullish momentum; it's the shorts getting liquidated in waves, creating this spike.
Shadow's take: This kind of rise is called "shorts deleveraging"—every green candle hides a short's stop-loss getting triggered, and then the next short’s stop-loss gets triggered too, leading to a cascading effect. The question is: after a 71% rise, how many more shorts can be squeezed? Once the funding rate normalizes, those chasing the price will be left holding the bag at a high entry point. This is one knife I won't catch at this level.
💬 If you’re brave enough to chase after a 71% rise, drop a 1 in the comments so I can see how many warriors there are.
#BICO #ShadowShaman
BICO just skyrocketed 71%, crushing the entire gainers and losers list. But if you check the derivatives data, the funding rate is -0.079%—which means if you're long, you're not just profiting from the price increase, but also raking in 0.079% daily from the shorts. This isn't just bullish momentum; it's the shorts getting liquidated in waves, creating this spike.
Shadow's take: This kind of rise is called "shorts deleveraging"—every green candle hides a short's stop-loss getting triggered, and then the next short’s stop-loss gets triggered too, leading to a cascading effect. The question is: after a 71% rise, how many more shorts can be squeezed? Once the funding rate normalizes, those chasing the price will be left holding the bag at a high entry point. This is one knife I won't catch at this level.
💬 If you’re brave enough to chase after a 71% rise, drop a 1 in the comments so I can see how many warriors there are.
#BICO #ShadowShaman