Just checked the funding rate for $MAGIC : -0.108%, shorts are paying. When funding rates become extremely high or low, it usually indicates that positions are overly concentrated on one side, which also increases the risk of a liquidation cascade in the opposite direction.
Bitcoin’s annualized volatility has fallen to 46%, but the number of extreme market moves this year has already surpassed that of the 2018 bear market. My takeaway: another negative signal. Whether the direction has changed remains to be seen—let the market structure speak. I feel pretty calm after reading this, probably because I’ve seen too many similar things. $BTC
I just browsed the plaza, and the whole feed is full of discussions about #Telegram预计推出Gram钱包 . Spend enough time in this market, and you’ll realize there’s a lot of capital between news and prices. $GRAM
Contract positions and spot buying should be viewed separately: rallies driven by spot buying are more solid. Just out: The decisive significance of next week’s US CPI—will the Fed refrain from raising rates in October? Next, watch whether crypto prices can hold their intraday lows after the news comes out. $BTC
Just my personal take; I may not be right, so take it with a grain of salt.
Follow the money, not the talk: “Aerodrome and Velodrome merger to launch on October 21; Aero announces token swap terms” When the news breaks, I’ll ask three questions about the money: 1. Which way is buying and selling skewed? 2. Can trading volume of $AERO (24h: $5.34 million) continue to grow? 3. Are whales making large transfers out of exchanges? Only when all three point in the same direction does this news carry real weight; otherwise, it’s probably just noise. When news breaks, assess the risks you’re holding first, then consider the opportunities.
Have confidence, this coin and kite are the second ones to reach the alpha high score this month, first come first served.
格局呢
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Bullish
$BAY Don't let everyone lose confidence in you. I've witnessed you grow from a few hundred to over ten thousand people. I am the 999th holder! Let's go, BAY!