BASEDUSDT is moving really strongly right now. The three Bollinger Bands are lifting together, and the price is hovering above the middle band. The %B is running up to 0.66, not far from the upper band. It’s up 11.51% in the past 24 hours—quite a strong surge—the market is biased to the upside.
The funding rate is still positive at 0.0050%. Long positions have a relatively high entry cost, suggesting longs are paying to support the move. Open interest is $6.15 million; the open orders in the last 24 hours rose 13.9%. Contract capital is continuing to flow in—momentum hasn’t cooled off. The long/short ratio is 1.58, and the number of accounts on the long side is clearly higher; there are fewer accounts on the short side.
On the 15-minute short cycle, it’s down 0.54%, while volume has expanded to 1.4 times the recent level. Trading volume suddenly surged, but price hasn’t moved much—looks more like grinding. Overall, it’s a bullish consolidation. Funds are still there, but the short-term cycle is working through it.
For reference only and does not constitute investment advice.
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