AiCoin|Oct 28, 2026 03:45
🟢 EVAA catching a bid after the washout
Price is up 8.1% on the 30m with open interest rising 8.4% alongside it. Currently trading $1.05 on the Alpha and perp markets.
The numbers are relatively clean for a rebound of this size. OI sits at $10.64M against a $16.93M market cap (63% control), funding is mildly positive at +0.039%, and both retail (1.26) and whales (1.42) are leaning long. The 1h short squeeze of $77K shows some of the earlier leverage already got cleared.
We’ve been tracking the whale cycle for the past three hours. Their cost zone is still around $0.917, with roughly 75% of the base position still held. The earlier long from $0.9943 on the 28th is currently underwater by 4.6% after running as high as +15.8% — classic dip into cost, not a full exit.
The tape looks like a standard washout rebound rather than fresh distribution. Price tagged the whale cost area, volume picked up on the bounce, and CVD is showing active bid absorption. Base is still in. Second-entry window is open if it holds above the cost zone.
EVAA
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