A 35% rise, but 60% of positions are still short — this is a classic short squeeze.
Lobster rallied from 0.071 to 0.099 today, with three consecutive bullish hourly candles, and the last one showed a clear increase in volume. Interestingly, despite the strong price action, the long/short ratio shows that 62% of traders are still holding short positions.
What does this mean? When most people are betting on a decline, any buying pressure can trigger a chain of liquidations. The funding rate of 0.07% is positive, indicating that longs are paying to hold positions, and market sentiment is shifting rapidly.
Key observation: if it breaks above the previous high of 0.102, short covering could accelerate the move higher. Conversely, if it falls back below 0.085, profit-taking by longs will create pressure.
$Lobster #轧空行情 #35%
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Lobster rallied from 0.071 to 0.099 today, with three consecutive bullish hourly candles, and the last one showed a clear increase in volume. Interestingly, despite the strong price action, the long/short ratio shows that 62% of traders are still holding short positions.
What does this mean? When most people are betting on a decline, any buying pressure can trigger a chain of liquidations. The funding rate of 0.07% is positive, indicating that longs are paying to hold positions, and market sentiment is shifting rapidly.
Key observation: if it breaks above the previous high of 0.102, short covering could accelerate the move higher. Conversely, if it falls back below 0.085, profit-taking by longs will create pressure.
$Lobster #轧空行情 #35%
Click the small card below to quickly check the market👇