$BNB : position pressure is 7.5x, and funding is still maxed out.
Current price: 731, up 1.8% on the day and 0.6% below the high; daily volume is about 83.3 million.
HL positions are about 46.25 million, with daily notional around 6.18 million, for a density of roughly 7.5x.
OKX long funding is capped at 0.01%; Binance’s top-five sell/buy ratio is about 0.02, with bids heavily one-sided.
The OKX order book’s sell/buy ratio is about 0.90—the two sides are showing different temperatures.
Positions are piled up, funding is maxed, and spot is being supported—this looks more like crowded positioning than a completed washout.
I wouldn’t call it a breakout until density falls back to 3x. Are you siding with the defensive camp or the washout camp?
#BNB库存 #PerpDensity
Current price: 731, up 1.8% on the day and 0.6% below the high; daily volume is about 83.3 million.
HL positions are about 46.25 million, with daily notional around 6.18 million, for a density of roughly 7.5x.
OKX long funding is capped at 0.01%; Binance’s top-five sell/buy ratio is about 0.02, with bids heavily one-sided.
The OKX order book’s sell/buy ratio is about 0.90—the two sides are showing different temperatures.
Positions are piled up, funding is maxed, and spot is being supported—this looks more like crowded positioning than a completed washout.
I wouldn’t call it a breakout until density falls back to 3x. Are you siding with the defensive camp or the washout camp?
#BNB库存 #PerpDensity