PROM This surge is really intense—over the past 24 hours it directly pushed up 31.53%, with the price climbing to 2.441. Now it’s basically running right along the upper Bollinger Band. All three lines are being lifted together, and the band opening is getting wider and wider. The move is both fast and strong.
The funding rate is still positive at +0.0050%, indicating that long positions have a relatively high cost—longs are paying the shorts. As for open interest, OI has jumped to 7.44 million USD; in 24 hours, the number of contracts surged by 67.3%. Clearly, contract capital is flowing in significantly—sentiment is very hot.
But interestingly, across the whole market, the ratio of the number of long vs. short participants is only 0.49, with short-side accounts in the majority, which sharply contrasts with the strong price action. In the short-term cycle, the 15-minute timeframe is only up 0.08%, basically chopping sideways. Volume is only about 1.0x the recent average—there hasn’t been much expansion in volume, giving the feel of a brief pause.
With price tracking the upper band and capital moving in, yet short-side participants pressing down on longs and short-term volume not keeping up, the order book is in this hot-but-tangled state.
For reference only and does not constitute investment advice.
#PROM #Point Gold Midas
The funding rate is still positive at +0.0050%, indicating that long positions have a relatively high cost—longs are paying the shorts. As for open interest, OI has jumped to 7.44 million USD; in 24 hours, the number of contracts surged by 67.3%. Clearly, contract capital is flowing in significantly—sentiment is very hot.
But interestingly, across the whole market, the ratio of the number of long vs. short participants is only 0.49, with short-side accounts in the majority, which sharply contrasts with the strong price action. In the short-term cycle, the 15-minute timeframe is only up 0.08%, basically chopping sideways. Volume is only about 1.0x the recent average—there hasn’t been much expansion in volume, giving the feel of a brief pause.
With price tracking the upper band and capital moving in, yet short-side participants pressing down on longs and short-term volume not keeping up, the order book is in this hot-but-tangled state.
For reference only and does not constitute investment advice.
#PROM #Point Gold Midas