$PNUT

$PNUT
The data from Squirrel is quite interesting, with 54 million flowing out of the 24-hour main contract, and then the open interest not only not falling but rising by 2%. This indicates that during this 24 hours, quite a few shorts entered to short pnut.

When the price goes up, everyone starts to FOMO, especially since Squirrel had such a strong rally before. Many retail investors, even if they have already cut losses or have no positions, will still keep an eye on pnut. Recently, as pnut has started to rise, many people are looking bullish again. What I've been saying is to trade on the rebound; where it will bounce to is uncertain, after all, I'm not a wizard, but one thing is certain: this wave of new memes can only be seen as a rebound and not a reversal.

From the data, it seems that the views of large holders and main players align with mine. The traces of opening short positions at the 24-hour level are very obvious. Whether it will rise again to squeeze the shorts, I can't be sure, but it’s basically confirmed that the upcoming period will likely see a range-bound or downward trend.