$BARD shorts are paying 10.5% a day while open contracts jumped 232% in one day.
As of 18:35 Kyiv time, Nov 13. The perp is up 83% in 24 hours at 0.1593 USD on 598M USD of volume, range 0.0870 to 0.1732. Funding is minus 1.75% every 4 hours, so shorts pay longs 10.5% a day. Retail long share is 47.75%, the lowest in 30 days, and top traders by position sit at 45.21% long. Both groups lean short into an 83% move. BARD is Lombard, a Bitcoin liquid staking protocol, and it trades on Binance spot as well.
Bitcoin broke below its 200 week moving average today for the first time since August, printing 67,449 on the perp and trading at 68,586, down 4.3% in 24 hours (CoinDesk, Nov 13). Positioning is the part worth looking at: retail long share on $BTC is 76.06%, the highest of the last 30 days, against 63.92% thirty days ago, while open contracts fell 3.5% in a day. Accounts are leaning long into the break without adding size.
I don't know whether that line holds. Positioning shows who is leaning, not where price goes.
Before sizing anything this week, check the funding interval on the perp you hold. BARD charges every 4 hours, not every 8, so the daily cost is double what an 8 hour assumption gives you.
Which do you check first, funding or open interest?
Top 5 perps by 24h change, as of 18:35 Kyiv:
AKE +285%. Longs pay 0.65% a day. Contracts +13%. Bigger side: longs. Crowded and paying side: longs.
BARD +83%. Shorts pay 10.5% a day. Contracts +232%. Bigger side: shorts. Crowded and paying side: shorts.
SOPH +46%. Funding flat. Contracts +39%. Bigger side: longs. Real move, no crowding.
ARIA +24%. Funding flat. Contracts -4%. Bigger side: longs. Empty move, no fuel.
KGEN +17%. Funding flat. Contracts -7%. Bigger side: longs. Empty move, no fuel.
$AKE
#BitcoinBreaksBelow200WeekMovingAverage #Market_Update
As of 18:35 Kyiv time, Nov 13. The perp is up 83% in 24 hours at 0.1593 USD on 598M USD of volume, range 0.0870 to 0.1732. Funding is minus 1.75% every 4 hours, so shorts pay longs 10.5% a day. Retail long share is 47.75%, the lowest in 30 days, and top traders by position sit at 45.21% long. Both groups lean short into an 83% move. BARD is Lombard, a Bitcoin liquid staking protocol, and it trades on Binance spot as well.
Bitcoin broke below its 200 week moving average today for the first time since August, printing 67,449 on the perp and trading at 68,586, down 4.3% in 24 hours (CoinDesk, Nov 13). Positioning is the part worth looking at: retail long share on $BTC is 76.06%, the highest of the last 30 days, against 63.92% thirty days ago, while open contracts fell 3.5% in a day. Accounts are leaning long into the break without adding size.
I don't know whether that line holds. Positioning shows who is leaning, not where price goes.
Before sizing anything this week, check the funding interval on the perp you hold. BARD charges every 4 hours, not every 8, so the daily cost is double what an 8 hour assumption gives you.
Which do you check first, funding or open interest?
Top 5 perps by 24h change, as of 18:35 Kyiv:
AKE +285%. Longs pay 0.65% a day. Contracts +13%. Bigger side: longs. Crowded and paying side: longs.
BARD +83%. Shorts pay 10.5% a day. Contracts +232%. Bigger side: shorts. Crowded and paying side: shorts.
SOPH +46%. Funding flat. Contracts +39%. Bigger side: longs. Real move, no crowding.
ARIA +24%. Funding flat. Contracts -4%. Bigger side: longs. Empty move, no fuel.
KGEN +17%. Funding flat. Contracts -7%. Bigger side: longs. Empty move, no fuel.
$AKE
#BitcoinBreaksBelow200WeekMovingAverage #Market_Update