26

26% increase, but the funding rate is negative?

FLOCK rose to 0.05071 today, with trading volume of 44.2 million U, but the funding rate is -0.0125%.
This means shorts are still paying longs—the price is surging, yet no one believes it can last.

The hourly chart has closed green for three straight candles, with longs accounting for 57%, but the negative funding rate shows shorts are still holding on.
This kind of divergence usually appears in the early stage of a move: some traders are already in, while others insist it "will drop back."

The key is whether trading volume can be sustained. If volume keeps expanding, shorts may be forced to cover, accelerating the rally.

$FLOCK #资金费率背离 #26%
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$MUBARAK This move is interesting.

Down 1.12% over 15m, with volume up to 1.89x and volatility Z jumping straight to 2.42—this isn't a slow bleed; someone is actively selling at this level. More importantly, OI hasn't fallen, and even edged up 0.03% over 1h. Price down, open interest up: a classic sign of new short positions entering, not a cascade of longs closing out.

The close has already broken below the lower bound of the last 20 5m candles. Aggressive trade delta is -22.8%, the buy/sell ratio is 0.63, and sellers are keeping up the pressure. 24h trading volume is 36.98M, so liquidity is sufficient. But an all-pool anomaly ranked #26 and a notional change ranking of #30 suggest this isn't an isolated event—capital is moving through the pool.

An OI anomaly percentile of 69.2% isn't extreme, but combined with the high-volume breakdown, there could be another leg down in the short term if this range's lower boundary doesn't hold. Don't rush to buy the dip; wait for the aggressive buy/sell ratio to turn back up.

$UNI I feel this rebound may not be finished yet, but this intuition needs validation from two data points: after 7 days of -19.73%, does the trading volume expand again, and was the September surge from 5.95 to 10.21 driven by genuine demand that could carry on? Now the price is 7.31, down 6.24% in 24h, with volume of 827 million—clearly more active than the October 5 session’s volume of 266 million. This is turnover, not just a simple sell-off. Over 30 days it’s still up +8.11%, which means it hasn’t just gone nowhere; it’s actually been pulling the people who chased at around the 10 level back down to 7.

What really concerns me is its market-cap ranking at #26, with a market cap of 4.57 billion. At this size, the liquidity for $UNI is decent, but the one-year performance of -9.16% suggests it hasn’t broken out into an independent cycle. It’s also down -83.73% from its ATH. Sure, it’s cheap—but being cheap has never been a reason to buy.

My view is valid only as long as: if price holds sideways near the $7 area with reduced volume, and during the rebound the trading volume can return to 1 billion or more, then this move looks more like a rotation/turnover of positions rather than a breakdown driven by the narrative. If it sells off with heavy volume and breaks below 7.01, then this intuition should be discarded. Which signal would you rather wait for to confirm?

$APT This 15m move is off.

The price drop of 1.86% isn’t outrageous, but the volume went straight to 10x. OI over the last 1h dropped 4.29%, and notional decreased by 3.16M U. The 15m timeframe then followed with another 2.41% drop. This isn’t fresh shorts coming in—it’s longs getting lifted out. Active volume divergence is -8.2%, buy/sell ratio is 0.85. On 5m Binance, the liquidation agent is 314K U, and sell orders are concentrated and slammed down.

The OI abnormal percentile is 99.6%, across the whole pool #26, continuing through several periods. 24h turnover is 65.75M, and the notional change ranks #31 within the pool. Bottom line: this isn’t simply spot sell pressure—it’s the leverage side contracting; stop-losses and passive deleveraging are stacking together.

I generally don’t like chasing shorts in this kind of structure. OI falling + price dropping = deleveraging. If shorts chase in here, they’re likely to get stuck holding the rebound. But conversely, the long positions are being battered so badly that even if a short-term rebound happens, it’s going to be weak—unless OI rises again and price stabilizes.

I’d rather first see whether this liquidation wave finishes digesting, and not rush to enter. This level, $APT , is fairly close to the historical extreme zone. Let’s wait for the volume to contract first.

$US This move is kind of interesting.

In the 15m timeframe it jumped straight up 2.66%, volume hit 3.13x, buy-sell ratio is 1.65, and aggressive trades are 24.4% higher—this isn’t a fake breakout built by stacked orders; real buyers are actively eating.

The closing price broke above the upper band of the last 20+ 5m candles. OI on 15m is +0.61%, while on 1h it’s actually -0.49%. New leverage has entered, but older positions are exiting—classic turnover-and-continuation, not the “shorts being forced” play.

Whole-pool anomaly percentile is 85.3%, with nominal changes ranking #26. 24h trading value is 76M, and depth looks fine.

Watch whether it can hold the pullback to the upper band. If it holds, then there’s a real story.

$PONS This 15m sell-off is interesting. Price fell 1.45%, volume rose to 1.45x, and the Z-score was 1.95. Volatility clearly picked up, but it wasn't a violent move. The key is OI: 15m contracts +0.07%, 1h +0.24%, while notional change was -521K and -716K. Price down, OI slightly up, notional shrinking—a classic mix of market-maker position rotation or retail capitulation, with leveraged shorts taking the other side. Aggressive trade delta was -42.7%, and the buy/sell ratio was 0.40, indicating heavier selling pressure. The close broke below the lower bound of the recent 20-candle 5m range—a genuine relative breakdown. The anomaly percentile was 81.5%, ranking #26 across the whole pool; notional change ranked #16. Not the most extreme, but worth watching. 24h trading volume was 71.54M, with enough depth. In this setup, be wary of chasing shorts in case of a sharp wick, since OI hasn't surged and shorts aren't that crowded. Flagging it for now; let's see whether the next 5m candles can get back inside the range.

$MON Just took a quick look at the order book. This 15m move is pretty decisive: volume surged to 1.76x, ZL is 1.74, the buy-side ratio is 2.06, and the aggressive trade delta is 34.6%. The close even broke above the range high of the previous 20 5m candles.

The key point is that OI is rising along with it: +0.24% on the 15m and +0.28% on the 1h. The notional change isn't huge, but structurally this looks more like fresh leveraged longs driving the move than a short-covering rally. The funding rate has already reached a high percentile for the recent period; it ranks #33 for full-pool anomalies and #26 for notional change, and depth confirmation has also passed.

24h trading volume is 36.55M. To see this kind of volatility at that size, short-term sentiment clearly has some momentum. Whether to chase it is another question, but I wouldn't pretend not to notice a setup like this.

$VIRTUAL This spot is a bit interesting.

At 15m, there’s a volume expansion of 2.12x and the price pushed up 0.8%. The volatility (Z) reached 2.06, and the closing price directly broke above the upper band of the last ~20 5m candles. This isn’t the kind of low-volume fake breakout; it’s pushing upward with volume behind it.

More importantly, it’s the OI (open interest). At 15m, +0.19%, and at 1h, +0.15%. The cumulative notional change is 357K USDT, increasing across multiple consecutive cycles. Price is rising while OI is rising too, alongside a 26.8% gap in aggressive/active trade execution and a buy-sell ratio of 1.73. The funding rate is also still in a high percentile recently—this setup looks more like newly added leveraged long positions squeezing in, not shorts covering and pushing.

At the unusual percentile of 93.1%, it ranks #15 in the whole pool, with notional change at #26. It’s also not far from its own historical extreme range.

Over the past 24h, the trading value is 37.76M. Liquidity depth is sufficient—not the kind of order book that slips just from a light touch. But on the flip side: high funding plus continuously rising OI means longs are already crowded. If they can’t push it further, a reversal liquidation wave can come quickly.

First, see whether this breakout can hold. If it can’t, it’s likely a bull trap; only if it holds can it be the real start.

$ENJ This 15m has something to it—the volume directly pushes to 2.98x. The price is pressed right along the upper edge of the 20x 5m range, pushing upward.

OI is rising too: 15m +0.51%, 1h +0.19%. This doesn’t look like short covering with a fake pull; it’s more like new longs are moving in. The active buy/sell ratio is 1.13, down 6.1%; the bids are still relatively aggressive.

The abnormal percentile is 83.9%, the whole pool #26—not the most explosive batch, but with this volume it could break out. Worth watching to see if it can hold and stay above.

$US This drop isn’t particularly brutal, but the structure is quite interesting. In the 15m timeframe, it’s down 1.54%; volume expands to 2.37x; the Z value is 3.28. The price directly breaks below the lower band of roughly the last 20 5m candles—looks like someone was swept out.

The key is that OI didn’t rise, it actually fell: 15m is -0.20%. On the 1h, nominal is -335K. There’s a strong flavor of deleveraging by longs—not like a fresh short push coming in, but more like stop-loss liquidation and position contraction. Active traded amount is worse by -15.8%; buy/sell ratio is 0.73; sell pressure is indeed dominant.

Whole-pool anomaly #26, nominal change #28—not among the most explosive bunch, but combined with the volume expansion and the breakdown, short-term sentiment should still have some inertia. First, see whether it can regain the range here; if it can’t, then it continues to grind.

$LYN A relative breakout appeared during the session. On 15m, price is +1.69%, and volume reached 2.25x. The volatility Z value is 2.05, and the trading activity is clearly higher than normal. Price closed above the upper boundary of the recent 20-swing 5m K-line range. The aggressive trade imbalance is -17.6%, and the buy/sell ratio is 1.43—indicating a fairly clear buy-leaning direction.

OI also rose slightly in parallel: 15m +0.09%, 1h +0.10%, with notional changes of 185K / 224K USDT. Structurally, it looks closer to new leveraged long participation rather than just a simple short-covering move. The abnormal percentile is 86.3%; the whole-pool abnormality is #22. Notional change rank is #26. Over the past 24h, trading volume is 33.48M USDT. Depth confirmation is still reasonably solid.

A typical volume-price + OI resonance breakout—first, see whether it can hold above the top of this range. $LYN

🟢 New trade on our real account: LONG $XAG @ 60.81 · size 148 USDT (3.0 % of the account) · master #26 of 27

Market read: bearish — price below falling 20/50h averages (downtrend); RSI 62: neutral.

Indicators (1h): RSI14 62, EMA20 60.8655 vs EMA50 60.9104, ATR 0.51 % per hour, 24h volume 1.10× the 3-day average, price at 41 % of the 3-day range.

Order book (Binance, ±5 %): biggest bid 60.54 at -0.4 % with $1,173,393; biggest ask 61.06 at +0.4 % with $1,180,771. Binance crowd: 89 % of accounts long, top traders 79 % long, open interest 24h +2.6 %, funding +0.000 %; Hyperliquid OI n/a, 24h volume n/a.

Our masters in $XAG : 1 long / 0 short. The entry is with the majority of Binance accounts.

Read it as a snapshot, not a forecast: the trader decided, we mirrored.

#copytrading #hyperliquid #binancefutures $XAG

If you copy by API like we do, or just want these entries and exits as they happen, we keep a small group on Binance: https://app.binance.com/uni-qr/DpuA7yYD

GRASS This move has a bit of something.

On the 15m timeframe, it’s up 1.79%—volume reached 1.79x, the Z-value is 3.83, and it directly broke through the upper edge of nearly 20 consecutive 5m candles. The key is the active trade imbalance +15.8% and the buy/sell ratio of 1.38—not propping it up with resting orders; there really are people eating upward.

OI is also following through continuously: 15m +0.18%, 1h +0.31%. The cumulative notional change adds up to nearly 900k U. Price is rising while OI is rising—this is the classic new-leverage long entry structure, not some “short covering” fluff.

The abnormal percentile is 84.7%, the whole pool is #17, and the notional change rank is #26, with multiple consecutive cycles showing continuation. In the last 24h, turnover is 76M; the pool isn’t that deep, so volume like this can push it and make it easier to sustain.

First, let’s see whether it can hold above and stand firmly at the top of this range. If it holds, there won’t be much trapped supply above.

LTC This move feels a bit off. On the 15m chart it dropped directly by 1.02%; volume surged to 3.68x, the Z value is 2.92. It broke below the recent 20 five-minute range lows; the active buy/sell ratio is 0.49 and sell pressure is clearly strong. More importantly, OI on the 15m is +0.34%, but the notional is -663K. Price is down while open interest is up—this is a classic case of new leveraged short positions being added, not a liquidation-driven long unwind. With the 88.7% abnormal percentile, on the whole pool #26, depth has been confirmed; the execution direction shows a bias. The 24h turnover is only 118M, and the pool isn’t deep. At this level, if the longs can’t hold, it’s easy for the move to accelerate. Watch the downside—don’t rush to catch it.

$INIT This drop is a bit too decisive.

On the 15m chart, it directly smashed down 3.35%, with volume hitting 1.65x of the normal level, Z value at 2.04—this isn’t that slow, drifting kind of decline; it’s volume pushing price down. The close has already broken below the lower edge of the last ~20 5m K lines. Active trade imbalance is -15.2%, buy/sell ratio 0.74, and sell pressure is in control.

But what really caught my attention is the OI.

On the 15m contract: -1.35%, nominal -282K; on the 1h: -0.83%, nominal -252K. Price is falling while OI is also declining. This doesn’t look like shorts are opening new positions to press it down—it looks more like longs deleveraging, taking stops, or passively shrinking their positions. In other words, this selloff is clearing out some longs, not someone actively adding to short exposure.

The OI percentile is abnormal at 98.4%, the whole pool anomaly is #2, nominal change is #26, and it’s been continuing across multiple consecutive periods. Funding rate is also still in a high percentile recently—this combination is pretty interesting. A higher fee implies longs were crowded beforehand; once price breaks down, deleveraging is quite natural.

24h turnover is 26.58M, and depth is sufficient—so this isn’t a liquidity incident; it’s a genuine position adjustment.

My personal take: with this kind of structure, don’t rush to pick the bottom. Longs deleveraging often isn’t a one-off. Wait for OI to stabilize and for the active trade imbalance to return toward neutral before acting. After breaking the lower boundary of the range, first see whether it can quickly reclaim. If it can’t, then it becomes the start of a new round of pricing.

$INIT

$Q This move on the 15m: up 2.47%. Volume directly went to 5x, and OI is rising along with it. In the last 1h, it’s already +3.7%, with nominal change ranking the whole pool down to #26.

From the order book, it looks more like fresh leveraged long positions are coming in. The aggressive buy/sell ratio is 1.39, and the trade imbalance is +16.3%—this doesn’t look like it’s just spot being pushed. The percentile anomaly is 80.8%, not yet at an extreme, but combined with this volume and the growth in open interest, short-term sentiment has already turned hot.

Over the past 24h, turnover is a bit over 160M. Liquidity depth is sufficient, and lots of people are chasing. With this kind of structure, either it keeps accelerating, or when longs crowd in too much, it’s easy for them to get a quick spike-wick “shakeout” to flush positions. Decide based on your position size—whether to follow or wait for a pullback.

The strangest thing about $HBAR is not the +22.87%, but the $723M in trading volume colliding with a $5.10B market cap.

Over the past month, its daily trading volume was mostly between $50M and $110M. From September 21 to 23, it jumped above $200M for three days, pushing the price from $0.081 to $0.099. Then volume fell back to $80M, and the price also hovered around $0.09. Today it suddenly put up $723M, seven to eight times the previous average, and its market cap climbed to #26.

There are two ways to read it. One is a catch-up move plus narrative rotation: +55.85% in 30 days, still -44.28% over 1 year, and -79.52% from ATH. In the market, it was the one that got left behind, and when liquidity rotates in, it has strong elasticity. The confirmation signal would be a pullback that does not break the previous high zone of $0.095-$0.10, with volume holding above $300M.

The other is a one-day impulse of a pump-and-dump: a low of $0.093, a high of $0.1179, and an intraday range of 26%. Such huge volume looks more like turnover than new capital flowing in. The confirmation signal would be volume quickly shrinking below $150M over the next two days, and the price falling back below $0.10.

I lean toward the former, but I wouldn’t chase it now. What I really want to confirm is not the price, but how much of this $723M is sustained buy orders and how much is the same batch of chips being passed around. Which explanation do you trust more — if it can still hold above $0.10 on lower volume tomorrow, which side would you choose?

$SUI Now at this position, saying it is still in a bear market is no longer accurate. After crawling up from around 0.71 at the end of August, it surged 66% over 30 days, added another 29% over the next 7 days, and today is up 6% to reclaim 1.23. Trading volume has expanded from over $200 million to $1.4 billion. This is not the kind of scale that retail investors doing sporadic bottom-fishing could produce. Its market cap ranks at #26, a little over $5B, which suggests that capital is lifting it out of the "previous-cycle L1 narrative" and re-pricing it.

What’s truly worth watching isn’t the magnitude of the move, but the two long bullish candles with heavy volume on September 22 and September 26—single-day turnover breaking $2.0B and $1.8B. Turnover surged dramatically, yet it didn’t immediately collapse. Instead, it rebuilt a base between 1.0 and 1.26. This kind of structure usually means there is capital absorbing the earlier trapped positions, not just a pure emotional impulse.

However, it is still -77% away from the ATH, and on a one-year basis it remains -61%. These two sets of numbers, placed alongside the short-term strength, are what make the situation feel most awkward right now: it could be the early stage of a trend reversal, or it could simply be a sharp rebound deep within a bear market. What I care about most is the intraday low at 1.16—if a pullback does not break it, and volume stays above $1B, then this round still has room to test upward toward 1.3. If it retracts on shrinking volume back below 1.0, that would indicate the buyers are only short-term momentum funds.

The contradiction hanging in the air now is this: Sui’s fundamentals have not simultaneously produced a fresh narrative capable of matching a 66% surge. So what, exactly, is this repricing trading ahead of time?