STO is starting a crazy "Violent Aesthetics". Within 24 hours, the Binance contract price surged over 50%, and the spot price doubled!
Behind this extreme market is a holding market value ratio of up to 22%. In just one hour, millions of dollars in leveraged funds poured in crazily, and with a market capitalization of less than 30 million dollars, it became a top battleground for short-term capital speculation.
Currently, the funding rate has dropped to an astonishing -1.29%, indicating that there is a large amount of short-selling power piled up in the market. However, prices continue to rise amidst the short sellers' wails, forming a typical "squeeze" trend, where the more the shorts sell, the more buying power during forced liquidations pushes the coin price higher. Although this technical strength has temporarily allowed the bulls to dominate, the extremely overheated sentiment has pushed the risk leverage to its limit.
The shadow of "staged stocks" behind high returns cannot be ignored. Data shows that a single address holds more than 54% of STO, and this high concentration of chips means that the project party or major holders have absolute price manipulation power. In a liquidity-tight small-cap variety, as long as major holders start to sell, combined with a high leverage rate of 55%, it is very easy to trigger a cascading crash.
This is a high-IQ "cutting leeks" game. Now the shorts are pinned down on leverage and unable to move, becoming the fuel for pushing up the coin price. It seems to be rising happily, but it actually relies entirely on the shorts' liquidation to hold it up. Everyone must not be blinded by the rise ranking; as soon as the number of bears decreases, the funding rate turns positive, or major holders want to cash out, this house of cards may collapse at any time. Before entering, consider whether you can run faster than the market maker! Do you think $STO will spike or crash soon?
