The uptrend continues! Look at $PTB : The weekly chart has shot up directly from a low position, showing particularly strong momentum within a day, resembling a rapid increase with little opportunity for a pullback.
The long-short ratio is interesting — both ordinary and large accounts lean bearish, but large accounts are holding long positions, meaning retail investors are bearish while big funds are secretly accumulating. In the liquidation data, more short positions have been liquidated than long positions, indicating that short selling pressure has been significantly reduced.
From a funding perspective: there has been net inflow across 5 minutes to 12 hours, with skyrocketing contract transaction volume and open interest, showing exceptionally high funding enthusiasm.
Currently, the short-term trend is a strong uptrend, led by large funds pulling the market. As long as the funding continues to increase, the upward momentum can be sustained. After a rapid increase, there may be a slight pullback, but with the current level of funding enthusiasm, the predominant trend is bullish.
