Prices keep rising, and the fee rate is also trending upward. According to Binance’s public data at 07:49 (UTC+8), perpetual contract $PTB is at 0.0012253, up 31.05% over the past 24 hours, with trading volume of about 184 million USDT; Binance spot has no PTBUSDT, so this time we only look at perpetuals.
The latest full 1-hour window saw the price rise from 0.001229 to 0.0012764, up 3.86%, with trading volume of about 2.23 million USDT—up 33.54% month-on-month. In the same period, the quantity OI increased by 0.86%; within a 48-point window, the cumulative increase was 43.37%. Price and volume continue to expand, and leverage positions are also building, but the current price is already back below that hour’s close—whether momentum-chasing can still be sustained needs confirmation.
📌 The most recent actual Funding was +0.0201%, and the next round’s indication is about +0.0363%. Long positions’ cost basis is rising, but it hasn’t reached the point where you can judge a reversal based on funding rate alone; OI also can’t distinguish whether the increase is net longs or net shorts.
If the price holds above 0.00115 and then reclaims 0.001276, volume would be needed to challenge 0.001429 to support continuation; if it breaks below 0.00115 and OI remains high, first guard against leverage positions unwinding.
The latest full 1-hour window saw the price rise from 0.001229 to 0.0012764, up 3.86%, with trading volume of about 2.23 million USDT—up 33.54% month-on-month. In the same period, the quantity OI increased by 0.86%; within a 48-point window, the cumulative increase was 43.37%. Price and volume continue to expand, and leverage positions are also building, but the current price is already back below that hour’s close—whether momentum-chasing can still be sustained needs confirmation.
📌 The most recent actual Funding was +0.0201%, and the next round’s indication is about +0.0363%. Long positions’ cost basis is rising, but it hasn’t reached the point where you can judge a reversal based on funding rate alone; OI also can’t distinguish whether the increase is net longs or net shorts.
If the price holds above 0.00115 and then reclaims 0.001276, volume would be needed to challenge 0.001429 to support continuation; if it breaks below 0.00115 and OI remains high, first guard against leverage positions unwinding.
