LIT is moving quite steadily right now. Over the past 24 hours it’s up 5.15%, with the price hovering above the middle band. It’s not particularly strong, nor particularly weak—just a choppy, grindy range.
The three Bollinger Bands are starting to converge. The direction hasn’t been chosen yet. Price is running along just above the middle band; %B is at 0.70. There’s still some distance to the upper band, and it hasn’t stuck down to the lower band—so it’s basically lingering in the middle.
The funding rate is still positive at +0.0050%. Long positions have a slightly higher cost, but the pressure isn’t very high. Open interest is $34.47 million; over the last 24 hours the number of contracts increased by 4.2%. Contract funding is still flowing in, and I don’t see signs of withdrawal. The long-to-short positions ratio is 1.05—long accounts are fractionally more than shorts, but the edge is very slight. It’s basically a 50/50 situation.
The short-term momentum is a bit disappointing. In the 15-minute chart it’s down 0.8%, and volume has shrunk to just 0.5 times the recent average. Volume hasn’t kept up, and the order book looks a bit thin—moving it takes effort.
Overall, it’s grinding sideways with no clear direction, and volume isn’t big. Funds are still there, but it hasn’t made a push. On the short run, neither side has a clear advantage.
For reference only and not investment advice.
#LIT #点金Midas
The three Bollinger Bands are starting to converge. The direction hasn’t been chosen yet. Price is running along just above the middle band; %B is at 0.70. There’s still some distance to the upper band, and it hasn’t stuck down to the lower band—so it’s basically lingering in the middle.
The funding rate is still positive at +0.0050%. Long positions have a slightly higher cost, but the pressure isn’t very high. Open interest is $34.47 million; over the last 24 hours the number of contracts increased by 4.2%. Contract funding is still flowing in, and I don’t see signs of withdrawal. The long-to-short positions ratio is 1.05—long accounts are fractionally more than shorts, but the edge is very slight. It’s basically a 50/50 situation.
The short-term momentum is a bit disappointing. In the 15-minute chart it’s down 0.8%, and volume has shrunk to just 0.5 times the recent average. Volume hasn’t kept up, and the order book looks a bit thin—moving it takes effort.
Overall, it’s grinding sideways with no clear direction, and volume isn’t big. Funds are still there, but it hasn’t made a push. On the short run, neither side has a clear advantage.
For reference only and not investment advice.
#LIT #点金Midas