The futures market is really taking off now. It is experiencing very high volatility.
Today the biggest gainers in USD-M Perpetual Futures on Binance are:
$ORCA USDT which's up by 40.91 percent
$VVV USDT which is up by 31.16 percent
$JELLYJELLY USDT which is up by 24.96 percent
A forty percent move in futures is not something you see every day. It usually means something big is happening.
This could be because of a things:
* A big short squeeze is happening
* Some important news is coming out
* People are using a lot of leverage and getting liquidated
* There is not money in the market and people are trying to push the price up
When futures contracts move this fast it can be a great opportunity but it is also very risky.
After a move like this the market usually does one of two things:
1 It keeps going up with a lot of people buying
2 It drops down as people take their profits
The important thing to watch now is what happens with volume and the funding rate.
📊 Traders should pay attention to a things:
• Can ORCAUSDT stay above the price it broke out at?
• Is VVVUSDT still being bought by a lot of people?
• Will JELLYJELLYUSDT go down before it keeps going up?
It can be very risky to get into the market after it has already gone up thirty to forty percent, without being sure it will keep going.
💬 Let us talk about it
• Is this a move up or is it just because of liquidation?
• Would you get in now or wait for it to go back down?
• Which of these gainers looks the strongest?
Tell us what you think below 👇
Let us look at what people're saying about it together.