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$PLAY: The top spot changes hands, and the rate of increase slows down
30 minutes ago, it was LAB+63%,
Now PLAY is only +14.45% and has taken the top spot.
The biggest change is the leadership switching,
indicating hot money is switching tracks.
OI has dropped from $105.8M to $3.9M,
it's not the same wave of acceleration.
The fee rate went from +0.0775%
to -0.0396%,
shorts are still paying to push prices higher.
But the 1-hour OI is down -1.9%,
taker is 0.89 leaning towards selling.
If it falls back to 0.095 and OI continues to shrink,
the relay could easily stall.
$PLAY Is this a short squeeze relay, or a trap to lure in buyers?