Tonight $H is set to bounce back, can't be held at 0.2. Funding rates have plummeted to -2%, shorts are raking it in but no one dares to add to their positions—this kind of extreme negative funding rate historically has an 80% chance of leading to a spike of over 10%. In the last 24 hours, 1.4 billion coins have traded, and the sell-off has drained liquidity; as soon as the bottom players step in, it will shoot up. After cleaning out the longs, the big players won’t let the shorts exit comfortably.
If you think I'm wrong, drop your thoughts in the comments; if I'm right, come back and give a thumbs up.
#H