Fell 12.42%, but the bets in the $WLD contracts increased by 4.59%.
09:57 data: Current price 0.4047, down 12.42% in 24 hours. Contract open interest is 198 million coins, up 4.59% in a day (from 189 million to 198 million). Funding rate is -0.0153%; shorts pay back longs every 8 hours. Big holders are 73% positioned long.
Current price 0.4047, 1h RSI14 is 25.06. Support at 0.4024, resistance at 0.4632. The daily chart has already broken below the MA20—since the shorts are this crowded, I’m inclined not to chase the short, but I’m also not in a rush to buy. I’ll first see whether 0.4024 can hold.
09:57 data: Current price 0.4047, down 12.42% in 24 hours. Contract open interest is 198 million coins, up 4.59% in a day (from 189 million to 198 million). Funding rate is -0.0153%; shorts pay back longs every 8 hours. Big holders are 73% positioned long.
Current price 0.4047, 1h RSI14 is 25.06. Support at 0.4024, resistance at 0.4632. The daily chart has already broken below the MA20—since the shorts are this crowded, I’m inclined not to chase the short, but I’m also not in a rush to buy. I’ll first see whether 0.4024 can hold.