Like an old game server suddenly getting a second wind—usually not many people talk, but tonight the trading panel is heating up first. $SLP spot 24h up 20.667%, high/low moved from $0.000441 to $0.000673, and the current price is still hovering around $0.0005.
I didn’t open a position. Spot volume is only $3.15M, while futures are $6.52M, futures/spot 2.1x—this kind of being trending looks more like sentiment first running into derivatives. The funding rate is still -0.0040%, open interest has piled up to 2,375,383,177 SLP, suggesting the shorts haven’t fully loosened their grip, and the longs are also pushing.
For this kind of coin, I only set orders on pullbacks—I don’t chase. $SLP #SLP
I didn’t open a position. Spot volume is only $3.15M, while futures are $6.52M, futures/spot 2.1x—this kind of being trending looks more like sentiment first running into derivatives. The funding rate is still -0.0040%, open interest has piled up to 2,375,383,177 SLP, suggesting the shorts haven’t fully loosened their grip, and the longs are also pushing.
For this kind of coin, I only set orders on pullbacks—I don’t chase. $SLP #SLP