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$POLYX Funding rate -0.6124%, the short sellers are paying the longs, time is on our side. Current price 0.06181, up 15.6% in 24 hours, open interest surged by 62.6%, someone is quietly building a position.
Even more intense is the abnormal turnover rate, trading volume is 10 times the open interest, indicating the market maker is boosting volume to buy advertising spots. Open interest is 4.2 million dollars, not something retail investors can handle. The long/short ratio is 57/43, longs are favored but not at an extreme, leaving room for further upward movement.
I opened a long position around 0.062, with a stop loss at 0.0525, targeting 0.085 and 0.0966. The logic is simple: negative funding rate + surge in open interest + market maker boosting volume, these three signals stacking up are most likely pre-attack preparations.
#Gate广场五月交易分享