The most awkward thing about the $TNSR chart is that its spot price is only $2.10M, while the futures price has already reached $9.99M, a 4.8x leverage.
It has risen, still +14.41% in the 24 hours, with the spot price at $0.0381.
But this volume structure doesn't look solid; it seems more like everyone is using leverage to artificially inflate the price.
What's even more perplexing is that the funding rate is still -0.1783%.
While it's rising, there are still people willing to pay to short it. It's like neither the bulls nor the bears are convinced, and everyone thinks they're right.
The open interest isn't low either, with 126,411,101 contracts.
This means that its ranking today isn't just due to spot buying, but more so because the futures market amplified the hype.
I just finished showering and took a look; DouDou is sitting calmly by the keyboard, more composed than me.
I prefer to observe this coin and not chase it, especially since the high of $0.039 isn't much different from the current price. I feel that another surge could easily lead to over-excitement.
Do you think the current move for $TNSR isn't over yet, or has it already started to overextend itself?
The market is constantly changing; what works today might not work tomorrow. $TNSR #TNSR
It has risen, still +14.41% in the 24 hours, with the spot price at $0.0381.
But this volume structure doesn't look solid; it seems more like everyone is using leverage to artificially inflate the price.
What's even more perplexing is that the funding rate is still -0.1783%.
While it's rising, there are still people willing to pay to short it. It's like neither the bulls nor the bears are convinced, and everyone thinks they're right.
The open interest isn't low either, with 126,411,101 contracts.
This means that its ranking today isn't just due to spot buying, but more so because the futures market amplified the hype.
I just finished showering and took a look; DouDou is sitting calmly by the keyboard, more composed than me.
I prefer to observe this coin and not chase it, especially since the high of $0.039 isn't much different from the current price. I feel that another surge could easily lead to over-excitement.
Do you think the current move for $TNSR isn't over yet, or has it already started to overextend itself?
The market is constantly changing; what works today might not work tomorrow. $TNSR #TNSR