POWER's 24-hour double-up surge is a textbook demonstration of a violent rally that leaves bears pressed to the ground!



The market cap skyrocketed from $230 million to $340 million, not just a number jump but solid proof of frantic capital inflows. While most are still debating fundamentals, sharp short-term hot money has already turned this emerging blockchain gaming sector into an arbitrage paradise!

A deep dive into the market data reveals that the battle between bulls and bears behind this surge is far more brutal than it appears on the surface! The open interest in contracts has dropped by as much as 33.9%, clearly outlining the collective retreat of bulls after extreme upward pushes, locking in profits. Even more interesting, the funding rate once plummeted to -1.27%, indicating that the originally bearish forces were fiercely resisting but were forced into a dead end by sudden massive buy orders!

This liquidity squeeze, caused by both bulls taking profits and bears stepping on the brakes, is the core driver behind the price soaring by 108% in a short period!

On one hand, the strong rebound of mainstream coins provides a perfect stage for these highly elastic altcoins, and the rotation of institutional funds has led many to believe this is just the first wave of preheating. But on the other hand, the abnormal increase in trading volume often signals emotional exhaustion. Especially when the community shifts from initial crazy FOMO to cautious watching, the market has transformed from a simple game of betting on rising prices to a game of who can run faster—cowards all trying to escape.

Risks always hide behind the most dazzling gains. Since POWER is a small-cap coin, its liquidity depth may be vulnerable under extreme selling pressure, meaning that how the price goes up could be just as fast to come crashing down!

Lacking transparent underlying trading data makes this surge more like a spectacular performance on a high wire—blindly chasing highs often results in being left hanging at the top.

This kind of movement is a classic case of gods fighting! Bulls have already made a killing and are retreating, bears are dazed and shrinking back, and POWER now looks like a drunk who just finished a dance party—seems fierce but could collapse at any moment.

Don’t just drool over that 100% increase; that’s meat for the bold and cautious. For ordinary investors, it’s likely just a trap set by the big players! #深度创作营 $POWER
POWER-24.57%
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
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский язык
  • Français
  • Deutsch
  • Português (Portugal)
  • ภาษาไทย
  • Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)