📉 GIGGLEUSDT: The market is extremely bearish & easily manipulated
Quick summary for everyone: • Price decreased by ~24% – the downtrend remains very strong. • Negative funding rate → short positions are dominating. • Open Interest increases when the price drops → a sign that a short trap / short squeeze is likely to occur. • Weak taker volume → thin liquidity, easy to be "pulled - pushed". • The Long/Short ratio of top traders: SHORT accounts for 65–75% over many days. • Low basis futures → market sentiment still leans towards decline.
The current market is BEARISH, but there is a risk of a short squeeze. 👉 Don't rush, Long. 👉 If shorting, you must set a very tight stop loss as it may get swept.
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📉 GIGGLEUSDT: The market is extremely bearish & easily manipulated
Quick summary for everyone:
• Price decreased by ~24% – the downtrend remains very strong.
• Negative funding rate → short positions are dominating.
• Open Interest increases when the price drops → a sign that a short trap / short squeeze is likely to occur.
• Weak taker volume → thin liquidity, easy to be "pulled - pushed".
• The Long/Short ratio of top traders: SHORT accounts for 65–75% over many days.
• Low basis futures → market sentiment still leans towards decline.
The current market is BEARISH, but there is a risk of a short squeeze.
👉 Don't rush, Long.
👉 If shorting, you must set a very tight stop loss as it may get swept.