$JCT plunged from 0.01489 to 0.0087, retracing over 40% in 4 hours, yet open interest barely budged
Numbers (Binance USDT-margined, Beijing time):
· Still up 239% over 24h, with about 1.07 billion USDT in trading volume; buzz surpassed only by BTC/ETH
· The hourly candle peaked at 0.01489 at 19:00; at 22:00, a wick plunged to 0.0087. It has now recovered to around 0.0100
· OI is about 46 million USDT, four times its pre-rally level (about 11 million USDT), and barely fell during the sell-off
· Funding rate: +0.22% (briefly hit +0.51% in the evening); only 33% of accounts are long, with a long/short account ratio of 0.49
Longs who chased above 0.013 have already suffered a retracement of over 30%; after the wick to 0.0087, it bounced 15%, shaking out late-arriving shorts too—both sides are paying tuition.
12–48h outlook (inference, not guaranteed):
If it holds 0.0095–0.0100, crowded short positioning could trigger a squeeze up to 0.0115–0.0125 first;
If it breaks below the previous low of 0.0087, watch 0.0075–0.0068. If OI starts dropping sharply, it means big money is pulling out.
With a wild coin carrying high OI and positive funding, getting the direction wrong can mean liquidation. Position size matters more than your opinion.
#合约 #币安 #加密货币 #JCT
Numbers (Binance USDT-margined, Beijing time):
· Still up 239% over 24h, with about 1.07 billion USDT in trading volume; buzz surpassed only by BTC/ETH
· The hourly candle peaked at 0.01489 at 19:00; at 22:00, a wick plunged to 0.0087. It has now recovered to around 0.0100
· OI is about 46 million USDT, four times its pre-rally level (about 11 million USDT), and barely fell during the sell-off
· Funding rate: +0.22% (briefly hit +0.51% in the evening); only 33% of accounts are long, with a long/short account ratio of 0.49
Longs who chased above 0.013 have already suffered a retracement of over 30%; after the wick to 0.0087, it bounced 15%, shaking out late-arriving shorts too—both sides are paying tuition.
12–48h outlook (inference, not guaranteed):
If it holds 0.0095–0.0100, crowded short positioning could trigger a squeeze up to 0.0115–0.0125 first;
If it breaks below the previous low of 0.0087, watch 0.0075–0.0068. If OI starts dropping sharply, it means big money is pulling out.
With a wild coin carrying high OI and positive funding, getting the direction wrong can mean liquidation. Position size matters more than your opinion.
#合约 #币安 #加密货币 #JCT