RIVER is currently showcasing "brutal aesthetics" on the market, surging 23% intraday to break through $79, with its market capitalization surpassing $3 billion for the first time!
Spot prices are higher than contract prices, with both open interest and trading volume hitting historic records. Major funds are aggressively buying in a tidal wave manner, and this extreme volatility of the "main rising wave" has pushed the market into a state of complete frenzy.
Currently, the market sentiment is extremely divided! Institutions and big players are continuously entering, shouting for $100, while fearful retail investors are collectively shorting. This has resulted in a negative funding rate, where short sellers not only get squeezed but also have to pay long positions, creating a situation where chips are rapidly concentrated, with a 24-hour open interest increase of over 27%. The long-short battle has entered a heated phase.
Now, it's about whether $80 can hold; if it can stabilize and increase in volume, it might surge again; but if it falls back to $72, this wave of enthusiasm will likely cool off. This market is suitable for those who are quick to enter and exit; if you want to profit, keep an eye on the $80 threshold, and if the situation turns unfavorable, withdraw immediately. Never go against the trend hard $RIVER
Are you bullish or bearish now!
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