VANRY The market structure is quite interesting right now—over a 15-minute window it jumped 3.49%, and volume suddenly surged as well, reaching roughly 5x the recent level. There’s some movement on the short term, but don’t get carried away. Overall, the structure is still relatively weak: the three Bollinger Bands are being pressed downward together, and the price is hovering around the mid-band without breaking out of that declining range.
In the past 24 hours, it fell 10.7%, which is fairly harsh, but the short term has now bounced back a bit. The funding rate is negative at -0.1022%, indicating that short positions have higher costs—shorts are paying longs, so this situation is worth monitoring. Open interest has shrunk significantly: the inventory (warrants) dropped by about 22%, and contract funds are being withdrawn, suggesting market sentiment is still cautious, with not many people willing to hold positions at this level.
The long-to-short ratio is 0.96. The number of accounts holding shorts is slightly higher, but the gap isn’t large—essentially a fairly balanced standoff. Overall, the short term shows a rebound attempt, but the larger structure is still dominated by the bears. As long as price continues to grind against the mid-band without a clear directional break, the order book will likely remain in this tug-of-war state.
For reference only and does not constitute investment advice.
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