idk my doode - price is down 7.5% while OI up $380M with a couple down wicks along the way triggering some liqs ... longs must be well-margined with balls of steal ... funding positive prob cuz spot flows are berra, shorts are sitting comfy
People keep longing this dip on ETH, aggregate funding rising, OI up with each dip of people thinking they are catching a falling knife.
Not impossible to turn around, but usually good odds you get a nasty flush to wipe these folks who are offside.
Am long both please send to Valhalla swiftly. FOLD is cool cuz MEV and SYN is cool cuz its trying to become an L1 so could reprice higher for that sweet L1 premium.
bought syn and fold on dip
I kinda hate syn but now that big boy is out and it's still one of the high allocation alts among wallets I track seems like good play
fold...kinda seeing it on timeline a bit more lately and looks like it's breaking out of accum. range