ENSO/USDT:USDT
ENSO is exhibiting an extreme short squeeze profile on Bitget. Despite a 33.25% price surge, funding remains deeply negative at -0.5364%. This indicates that aggressive short sellers are fighting the upward momentum, effectively subsidizing long positions. The lack of a high RSI (57.8) suggests the move is not yet exhausted, and the negative funding will likely force a cascade of short liquidations (buy-backs), driving the price further up.
Detailed Analysis
Extreme negative funding (-0.5364%) paired with +33.25% 24h price action and moderate RSI (57.8).
Short sellers are heavily trapped and paying a high premium to maintain positions against a strong trend.
Forced liquidation of short positions leading to a rapid vertical price move (squeeze).
Funding rate normalizing toward zero or price dropping below $2.50 support level.