...we're about to see the single worst short squeeze in crypto history, aren't we?
...we're about to see the single worst short squeeze in crypto history, aren't we?
Brody Long
Jacob Phillips
what does the negative number mean?
Zachary Long
seriously anons
be careful tonight
people are going to die
i am not joking
Blake Watson
Maybe bad
Maybe bad, then good.
Justin Baker
it means cripple is overwhelmed with shorts right now and they're going to get fucking devoured after 7:00PM EST
it's going to moon hard like a hungry hungry hippo then dump into oblivion
Zachary Peterson
is this only xrp?
Eli Rodriguez
im not sure how funding can be negative. Could you explain it to me like you would to a 5 year old?
Hudson Williams
it means shorts are paying for longs at a rate 50x higher than the norm -- binance's funding rate is p2p, literally everyone and their sister is shorting XRP right now and the liquidations are going to create the pinkest fields you've ever seen until the ensuing pink fields when it finally crashes back to $0.30
Ryan Jackson
Bots are dumping to keep price low.
Kevin Bailey
How the fuck do you play a short squeeze?
Grayson Morris
Thanks my long just got liquidated
Hudson Rodriguez
I'm too dumb to understand this yet desu. Let's see what happens.
Hudson Evans
long it.
but seriously, xrp will have a fake wick liquidating shorts and then dump back to 20 cents, just short after the wick, its free money
Jack Long
Leverage? No leverage? Stops? When it starts going up fast? When it starts going down fast?
Jack Evans
You need to go back
Jayden Barnes
wait for the top and if it goes down 20% from there short it with leverage down to 20 cents
Alexander Gonzalez
Thanks user. May we dine in Valhalla tonight
William Sullivan
How far will it pump to kill off bobo, and is it for a matter of seconds? I have a long on I was going to sell before snapshot but might hold now? 5% increase. More?
Nathaniel Campbell
i am ready, valhalla. tonight i will join my brothers and sisters
Grayson Flores
FUUUUUUUUUCK I HATE THIS SHITCOIN IT BRINGS ME NOTHIGN BUT PAIN
David Bell
arent short squeezes supposed to head upwards? Or when people jump out of their shorts, the price will spike upwards?
Wyatt Martinez
No one is shorting anything and you are an idiot if you dump before the snap shot. The price of xrp is being kept artificially low by those that are rolling out it. They know the demand is increasing at the 11th hour so they are dumping accordingly to keep the price around sixty cents.
They will not let this thing run away moon, not yet, maybe not ever. Xrp is a slow boil, it's a snake coiled in the corner awaiting its masters command to strike.
Bentley Rogers
>no one is shorting anything
binance's funding rate is FIFTY TIMES more negative than the average user
Adrian Watson
when is the snapshot?
Henry Powell
in 15 minutes
Ryder Rogers
Yes, whales will short squeeze with a violent pump and then dump this shit to oblivion. Screencap this.
Ryan Kelly
how do i know if the snapshot worked? i have binance btw
Owen Cooper
Binance will honor the snapshot
Austin Edwards
so if i sell all my xrp at 7:00:01 pm they honor it?
Ryder Wood
Idk. They sent me an enail about it. It kostly said make sure you put your xrp order in an hour beforehand, didn't say when you could sell.
Adam Adams
>insufficient margin on kraken
i'm going to kill someone
Michael Moore
Bobo just started to bleed
hold on tight
Thomas Green
are you still with me brother? hold tight and dont short yet
Jeremiah Barnes
Is it too late to get in?