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Shorts today got burned by LAYER
Up 37% in 24 hours,
Trading volume hit 562 million USD.
Even more strange is the open interest surged by 225%,
New positions are rushing in like crazy.
The funding rate is still at -0.056%,
Shorts have been paying for 8 consecutive periods,
It's like being bloodlet and still holding on.
But the price is moving along with a discount,
This order book clearly isn't a normal rally.
Do you think this is just the beginning of a short squeeze,
Or are the bulls preparing to harvest?
$LAYER
Generated using Claude Opus 4.7 model. Claude is AI and can make mistakes. Please double-check responses.