$ORDI Core of the surge: A short squeeze

ORDI surged over 100% in 24 hours, rising from $2.55 to $5.23. This is not spot chasing, but a series of liquidations of contract shorts.

Liquidation data reveals the truth

Time Longs liquidated Shorts liquidated Long/Short ratio
1 hour $94k $950k 10:1
4 hours $356k $1.17M 3.3:1
24 hours $94k $3.31 million 2.7:1
$ORDI ‌
Behind every green candle, there is the stepping on of short stop-loss orders. Nearly one million dollars in shorts were forcibly liquidated in the past hour alone, indicating that many shorts are adding positions at “high levels,” only to be further driven up and consumed.

Two key signals

· Funding rate -0.0734%: Price doubled, but the market still leans bearish, retail shorts are still topping out.
· Active buy-sell ratio 1.15: Spot buying is slightly dominant, but not in a frenzy.

The fuel for this rally is not consensus, but the short traders’ dilemma.

Core risks

When shorts bleed out and open interest drops sharply, the price often experiences a “loss of momentum and retracement.” Low-volume rally is a tail signal. Don’t be the last dancer.
$RAVE ‌