Some coins that pump hard seem real, but $RATS is the opposite; today, this candlestick looks a bit "pretend hot".
On my way home on the subway, I saw it shoot up the contract gain leaderboard, and I was really impressed. The spot market hasn't really kicked up much noise, but the contract volume shot up first, which feels like everyone is leveraging their emotions to push it higher 😅
Looking at the funding rate and open interest, the signs are even clearer. The funding rate is elevated, and open interest is also increasing, indicating that it's not just quiet accumulation; there's someone aggressively squeezing for space at this level.
So I'm leaning towards a wait-and-see approach, not wanting to chase. If it’s strong, we’ll have to see if the spot market is willing to step in; otherwise, it might whip people around. My cat just sat on my keyboard, and even it seems calmer than I am. If I lose, don’t cue me; if I win, buy me a cup of coffee. $RATS #RATS
On my way home on the subway, I saw it shoot up the contract gain leaderboard, and I was really impressed. The spot market hasn't really kicked up much noise, but the contract volume shot up first, which feels like everyone is leveraging their emotions to push it higher 😅
Looking at the funding rate and open interest, the signs are even clearer. The funding rate is elevated, and open interest is also increasing, indicating that it's not just quiet accumulation; there's someone aggressively squeezing for space at this level.
So I'm leaning towards a wait-and-see approach, not wanting to chase. If it’s strong, we’ll have to see if the spot market is willing to step in; otherwise, it might whip people around. My cat just sat on my keyboard, and even it seems calmer than I am. If I lose, don’t cue me; if I win, buy me a cup of coffee. $RATS #RATS