68% of people are going long, but the price still fell 24%—COLLECT today delivers a classic case of “crowded trading.”
The funding rate is as high as 0.0659%, meaning longs are paying very expensive fees to shorts. Trading volume of 36.6 million USDT isn’t small, but the price slid from 0.043 down to 0.032. Those who chased longs at the highs are now stuck in losses.
Within 8 hours, the overall trend weakened; the K-lines turned bearish consecutively. This extreme long/short ratio combined with high funding often suggests that the market may still need to shake out a bit more in the short term—only after leverage is squeezed out as cleanly as possible will there be a chance.
$COLLECT #拥挤交易 #68% Longs
Click the small card below to quickly check the market 👇
The funding rate is as high as 0.0659%, meaning longs are paying very expensive fees to shorts. Trading volume of 36.6 million USDT isn’t small, but the price slid from 0.043 down to 0.032. Those who chased longs at the highs are now stuck in losses.
Within 8 hours, the overall trend weakened; the K-lines turned bearish consecutively. This extreme long/short ratio combined with high funding often suggests that the market may still need to shake out a bit more in the short term—only after leverage is squeezed out as cleanly as possible will there be a chance.
$COLLECT #拥挤交易 #68% Longs
Click the small card below to quickly check the market 👇