FLNC surged 40 today, but the market looks more like a short squeeze being roasted over the fire.


In 24 hours, it rose from 18.97 to 29.18, with only 55.3 million USD in trading volume, not huge but enough to push the price higher.
What’s truly abnormal is that open interest skyrocketed by 386% in one day, as if new positions suddenly squeezed through the same door.
Funding rate reached -0.224%, shorts are paying to hold their positions, but with Taker at 0.73, sellers still dominate, indicating that someone keeps selling while others keep buying.
$FLNC If open interest continues to decline but the price stays near the high, is this forced short covering, or is the bullish momentum insufficient?
This content is generated with the assistance of Claude Opus 4.8 for informational purposes only; please verify independently.
FLNC45.89%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned