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This bullish candle of ARC
Looks like a bear being dragged to the execution ground
Rising 43% in 24 hours
Trading volume of 83.5 million dollars
But what’s truly frightening is
Open Interest surged by 62.9% in one day
Fee rate of 0.0398%
Eight consecutive periods of long positions paying fees
Retail investors only 41% long
Major players are long and short by 1.89
Premium of 0.38%
This pattern doesn’t look like a normal rebound
More like someone is forcing a short squeeze
$ARC
Can the bears still hold up?