$FIL At 8:30 pm, it pumped for an hour. By 9:35 pm, in just five minutes, it fully gave it back.
On Binance futures, FIL was pushed from 1.0645 to 1.0908, up 2.5%. It also promptly blew up 10 short positions totaling $32,000. Then at 9:35 pm, a single five-minute candle slammed it from 1.0817 down to 1.0565. At 9:40 pm, it probed again at 1.0544—lower than the starting point of the rally. OKX moved the same way, with the low at 1.0541.
This dump only triggered 47 long orders, totaling $72,000. At the same time, Binance’s positions dropped by 500,000 FIL, about $530,000. Less than 15% of those got liquidated; most just ran on their own.
After the drop, Binance’s long accounts actually rose from 65.5% to 65.8%, with big holders putting 74% on long. Retail is coming in next, and the big holders haven’t left either.
Watching FIL for 24 hours—it's only down 0.4%. What a waste of a day of fiddling around. Binance holdings decreased by 4.3% in one day, while Gate somehow ended up up by 30%.
Do you think the 1.05 level can hold?
Check in real time: https://www.coinboss.com/zh/open-interest/FIL