Contract Order Book Daily | 8/26 Deleveraging Falls; Buy Orders Buck the Trend
At 11:30 noon, the abnormality is not only the price decline—when leverage is withdrawn, buy orders that actively step in are still holding the upper hand.
$BTC mark price 78993.48, down 2.01%. Open interest has fallen to 8.367 billion USD, down 3.1%.
This looks more like long-side deleveraging rather than shorts steadily adding to suppress.
The active buy/sell ratio rises to 1.18, but the long share is just 50%. There is still absorption, yet no confirmation of additional buildup.
The funding rates of major contracts remain positive, indicating longs have not turned fully bearish.
The risk is that $SOL ’s decline reaches 4.57%; funding rate is still positive at 0.0061%. Even though the price is weaker, longs are still paying funding. If the drop continues, it can easily trigger a second round of deleveraging.
Fear greed index is 65—staying in the greed zone, which doesn’t match the widely circulated claim of “extreme greed.”
Michael Saylor said that during the previous Bitcoin upswing, Strategy didn’t buy a single coin.
This suggests the earlier buyers weren’t relying solely on one institution. Now that the price has fallen back below $80,000, whether buy orders can independently hold is the real test.
The U.S. Treasury is considering expanding long-term Treasury support, which could improve market expectations for risk assets. At the same time, it has issued warnings about isolating the dollar system for countries assisting Iran—policy news may still amplify short-term volatility.
Extreme funding is concentrated in small contracts.
$STORJ funding rate drops to negative 0.594%; shorts’ funding payments are already crowded. When there’s upward movement, watch out for concentrated short-covering. On the other side, BNC funding rate reaches positive 0.269%, meaning the risk of longs being crowded is higher.
Next, we only watch two boundaries: whether $BTC can regain and hold above $80,000, and whether open interest can rise in sync during the rebound. Only if both price and open interest are repaired together will active buy orders be considered to have shifted from absorption to real incremental buying.
Open interest note: This account’s spot holdings are long FOGO positions. The disclosure is to keep the content consistent with actual trading.
Claude Fable 5 assists with generation; the content is for market information reference only and does not constitute investment advice.
At 11:30 noon, the abnormality is not only the price decline—when leverage is withdrawn, buy orders that actively step in are still holding the upper hand.
$BTC mark price 78993.48, down 2.01%. Open interest has fallen to 8.367 billion USD, down 3.1%.
This looks more like long-side deleveraging rather than shorts steadily adding to suppress.
The active buy/sell ratio rises to 1.18, but the long share is just 50%. There is still absorption, yet no confirmation of additional buildup.
The funding rates of major contracts remain positive, indicating longs have not turned fully bearish.
The risk is that $SOL ’s decline reaches 4.57%; funding rate is still positive at 0.0061%. Even though the price is weaker, longs are still paying funding. If the drop continues, it can easily trigger a second round of deleveraging.
Fear greed index is 65—staying in the greed zone, which doesn’t match the widely circulated claim of “extreme greed.”
Michael Saylor said that during the previous Bitcoin upswing, Strategy didn’t buy a single coin.
This suggests the earlier buyers weren’t relying solely on one institution. Now that the price has fallen back below $80,000, whether buy orders can independently hold is the real test.
The U.S. Treasury is considering expanding long-term Treasury support, which could improve market expectations for risk assets. At the same time, it has issued warnings about isolating the dollar system for countries assisting Iran—policy news may still amplify short-term volatility.
Extreme funding is concentrated in small contracts.
$STORJ funding rate drops to negative 0.594%; shorts’ funding payments are already crowded. When there’s upward movement, watch out for concentrated short-covering. On the other side, BNC funding rate reaches positive 0.269%, meaning the risk of longs being crowded is higher.
Next, we only watch two boundaries: whether $BTC can regain and hold above $80,000, and whether open interest can rise in sync during the rebound. Only if both price and open interest are repaired together will active buy orders be considered to have shifted from absorption to real incremental buying.
Open interest note: This account’s spot holdings are long FOGO positions. The disclosure is to keep the content consistent with actual trading.
Claude Fable 5 assists with generation; the content is for market information reference only and does not constitute investment advice.
