CATE today saw a rare long-vs-short standoff: the current price on MEXC is $0.0653, up 74.7% in 24 hours. LBank, Aster, and BingX are up 63.1%, 59.7%, and 57.8% respectively, with all four platforms showing consistent trends. Intraday low is $0.0362, high is $0.0838, and the maximum swing exceeds 130%.
Beyond the price, what’s even more worth watching is positioning: total open interest in the entire network is $1.519 million, doubling in 24 hours (+100.9%). MEXC alone accounts for 94%; total 24-hour trading volume is about $8.35 million.
But the funding rates send a contrarian signal: the funding rates across all four platforms are negative across the board, with an average around -0.03%. Aster’s hourly funding rate is -0.084%. The more the price rises, the more the shorts keep adding; with only about $3,857 in liquidations across the network in 24 hours, shorts make up 99.5%. The squeeze hasn’t been fully completed, and with shorts stubbornly holding on, near-term volatility risk has been amplified.
Data charts: www.coinboss.com/currencies/CATE
#CATE #合约持仓