$AVAAI Fee rate +0.0138% Longs are still paying protection fees to shorts, but look at this trend—just before that, a massive spike with 85.7M volume shot straight up to 0.009696, gaining over 7 points. The next candle's volume dropped directly to 507.9K, a 99% decrease. 💸
The key is, after several candles from 0.008653 to 0.009015, a gain of about 4 points, the volume decreased from 20.9M all the way down to 5.1M. To put it simply, how much protection fee did the market makers have to pay to push from 0.0086 to 0.0096?
Look, that recent high-volume bullish candle broke through 0.0096, but th