š Top 10 Tokens with the Highest Long Rates ā 3rd December
Here are the top 10 tokens with overwhelmingly bullish market sentiment. Traders placing high percentages of long positions compared to shorts. While this can indicate confidence in upward momentum, it also comes with potential risks.
Top 10 Tokens by Long Rates
1. Aevo $AEVO ā 87.53% long
2. Fetch.ai $FET ā 86.95% long
3. Portal $PORTAL ā 86.84% long
4. Xai $XAI ā 86.49% long
5. Notcoin $NOT ā 86.22% long
6. Jupiter $JUP ā 85.94% long
7. Starknet Token $STRK ā 85.90% long
8. Worldcoin $WLD ā 85.70% long
9. Dogs $DOGS ā 85.25% long
10. Manta Network $MANTA ā 84.75% long,
What Does This Mean?
ā Bullish Sentiment: A high percentage of long positions suggests that traders are optimistic about the tokenās price moving up.
ā ļø Risk of Squeeze: If the market moves unexpectedly in the opposite direction, these positions could face liquidation, leading to sharp price moves in the other direction (aka a long squeeze).
Takeaway: High long rates can signal confidence and upcoming price surges, but they also bring potential risks if the broader market sentiment shifts.
