closed my small long here. fun trade, squeeze worked what changed in 24h: price: $0.08 → $0.122 (+52%) FDV: $800M → $1.21B OI: $27M → $175M (+6.5x) OI/MCap: 71.5% -- extreme leverage futures vol: $5.34B (22x the market cap) 24h liquidations: $15.8M → funding was -1.39% on Binance when I entered, now -0.24%. Bybit and Hyperliquid already flipped positive longs paying on those venues. squeeze played out there, Binance is the last holdout. → retail L/S still at 0.887 (net short) but top traders are flat at 0.976 → smart money isn't committed either direction. → There is $34M whale short on Hyperliquid at 3x leverage. 0x5c26dfc723e7a1da7b6c3bd5cbd72716d09425c2 liq price $0.178 (47% above current). if price gets there that's another leg up. but chasing a single liquidation with normalizing funding + 71% OI/MCap + 99% concentration risk isn't a trade I want to hold. (unless someone wallet gimme some additional info keke) not flipping short either. just not a good r/r in either direction here.
