$QQQ has 50% of its depth on one side. Price has not rewarded either side yet.
Funding is 0.0000%, so neither side is paying much; open interest is +1.29% in the last hour and +3.63% over four; and bids hold 50% of visible depth. So the offers are soaking market buys while neither side is paying a meaningful funding bill - there is no funding tailwind here, so it is pure book versus flow.
If the book is this one-sided, why is price still stuck in the middle of the range?
📌 $QQQ · #Nasdaq100 #Macro #Orderbook #BinanceSquare
Related: $SPY $BTC
Data: Binance USD-M futures (funding, open interest, orderbook depth, taker flow)
Funding is 0.0000%, so neither side is paying much; open interest is +1.29% in the last hour and +3.63% over four; and bids hold 50% of visible depth. So the offers are soaking market buys while neither side is paying a meaningful funding bill - there is no funding tailwind here, so it is pure book versus flow.
If the book is this one-sided, why is price still stuck in the middle of the range?
📌 $QQQ · #Nasdaq100 #Macro #Orderbook #BinanceSquare
Related: $SPY $BTC
Data: Binance USD-M futures (funding, open interest, orderbook depth, taker flow)