It was still giving back gains in the previous completed hour, but intraday it has now widened the gap again to nearly 10%. Public Binance data at 13:36 (UTC+8) shows $GTC up 21.02% and 18.64% over 24 hours in spot and perpetual markets, respectively, with perpetual trading volume of about 28.94 million USDT.
Over the last 4 completed hours, the perpetual contract has risen a cumulative 9.82%, with trading volume 5.35 times that of the preceding 4 hours. However, the previous completed 1-hour period was down 1.12%, while volume increased 56.28% from the prior hour. As price volatility picked up, OI by quantity fell 0.20% over one hour and rose only 0.88% over the 30-point window, so leveraged positions have not expanded significantly alongside the price rise.
The indicated funding rate has dropped to -0.2200%, while the most recent actual settlement was only -0.0047%, leaving a clear gap between the expected and settled rates. The current, unclosed price is 9.63% above the previous hour's close, so this rally cannot yet be treated as confirmed by the close. If a subsequent full 1-hour period holds around 0.233, with trading remaining active and OI recovering moderately, that would indicate that buyers have absorbed the intraday acceleration. If the price falls back below 0.2152 alongside contracting OI, even deeply negative funding will not prevent deleveraging after the spike.
Over the last 4 completed hours, the perpetual contract has risen a cumulative 9.82%, with trading volume 5.35 times that of the preceding 4 hours. However, the previous completed 1-hour period was down 1.12%, while volume increased 56.28% from the prior hour. As price volatility picked up, OI by quantity fell 0.20% over one hour and rose only 0.88% over the 30-point window, so leveraged positions have not expanded significantly alongside the price rise.
The indicated funding rate has dropped to -0.2200%, while the most recent actual settlement was only -0.0047%, leaving a clear gap between the expected and settled rates. The current, unclosed price is 9.63% above the previous hour's close, so this rally cannot yet be treated as confirmed by the close. If a subsequent full 1-hour period holds around 0.233, with trading remaining active and OI recovering moderately, that would indicate that buyers have absorbed the intraday acceleration. If the price falls back below 0.2152 alongside contracting OI, even deeply negative funding will not prevent deleveraging after the spike.