Negative fee rate with ample volume; this combo is better for meme plays than chasing orders. $ALICE spot at $0.1175, 24h high at $0.1185, low at $0.0996, daily up +16.8%; result in contract trades at $3.77M, spot only $1.22M, trade ratio 3.1x, open positions piled up to 12,531,006 ALICE, but funding rate is -0.0672%.
The meaning is simple: lots of people, but not aligned in direction, emotions are heating up first.
I’m not chasing this one, I’ll set a limit order for a pullback, if it hits, I’ll open a 2% long for a test; if not, it’s a pass. $ALICE #ALICE
The meaning is simple: lots of people, but not aligned in direction, emotions are heating up first.
I’m not chasing this one, I’ll set a limit order for a pullback, if it hits, I’ll open a 2% long for a test; if not, it’s a pass. $ALICE #ALICE