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DRIFT this wave is like a short seller being grilled over an open flame
24 hours up 19.94%,
Trading volume dropped to $245 million,
but the fee rate is still -0.49%,
Shorts have been paying out for 5 consecutive periods to hold on.
Open Interest up 57.8% in one day,
another 9.6% added in an hour,
Taker 1.22 buyers are still pushing,
but the contract is trading at a discount of -1.52%.
Is this a short squeeze, or a trap to lure in more buyers?
$DRIFT
Using Claude Opus 4.7
Model generated. Claude is AI
and can make mistakes.
Please double-check
responses.