At 10, I wrote that a soft-red signal doesn't necessarily mean an overheated flush. $LINK —here's the data.
Current price: 12.80, down 4.1% on the day, 5.2% below the high.
HL positions: about 71 million; daily notional: 10.7 million; density: 6.6.
OKX funding rate: about -0.0025%; shorts are paying to hold their positions.
Positions are still piled up, and shorts are still paying—that's a crowded trade, not a completed washout.
#预言机 #Inventory density
Current price: 12.80, down 4.1% on the day, 5.2% below the high.
HL positions: about 71 million; daily notional: 10.7 million; density: 6.6.
OKX funding rate: about -0.0025%; shorts are paying to hold their positions.
Positions are still piled up, and shorts are still paying—that's a crowded trade, not a completed washout.
#预言机 #Inventory density