Fusionist (ACE) changes monthly buyback to random timing without prior notice
Fusionist (ACE) announced it is changing its monthly buyback mechanism so that buybacks will occur at random points during the month without prior notice, citing that end-of-month buybacks were predictable and gave the market a known event to trade around. Following the announcement, ACE shorts were squeezed with open interest rising 10.5% to $1.55M and funding remaining deeply negative at -0.2043%.
Detected & updated continuously · Source: Nebula
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@acedatacloud
$ACE Buyback Update We’re changing how the monthly buyback works for two reasons. First, timing. End-of-month buybacks are predictable and give the market a known event to trade around. Going forward, buybacks will happen at random points during the month without prior notice. https://t.co/7HyG9lZHsL
@Ndfrek
$ACE shorts are getting REKT Squeeze probability is now at 90% Shorts keep piling in as price goes higher, pushing OI up 10.5% to $1.55M. Funding is still extremely negative at -0.2043%. The more they short into this move, the more fuel they're giving the squeeze https://t.co/oqCpqkm9OE