DODO this move is quite interesting: over the last 24 hours it’s up 6.66%, but the market structure looks weak. The three Bollinger bands are being pushed downward together, the price is hovering near the middle band, and %B is at 0.54—stuck in between, neither rising nor falling.
Funding rate is still positive. Long positions have a relatively high cost basis, which suggests longs are paying shorts. Open interest is shrinking: over the past 24 hours, registered volumes fell by about 7.8%, and contract capital appears to be flowing out. The long/short ratio is 0.95; short-side accounts have a slight edge. The number of accounts on both sides is similar, but shorts are marginally higher.
Over 15 minutes it’s up 0.48%, and the trading volume is only 0.7 times the recent average. Volume hasn’t kept up with the move, so it’s moving a bit sluggishly. Price is grinding along the middle band—without much energy or direction—so the rhythm is basically back-and-forth consolidation.
For reference only and does not constitute investment advice.
#DODOX #点金Midas
Funding rate is still positive. Long positions have a relatively high cost basis, which suggests longs are paying shorts. Open interest is shrinking: over the past 24 hours, registered volumes fell by about 7.8%, and contract capital appears to be flowing out. The long/short ratio is 0.95; short-side accounts have a slight edge. The number of accounts on both sides is similar, but shorts are marginally higher.
Over 15 minutes it’s up 0.48%, and the trading volume is only 0.7 times the recent average. Volume hasn’t kept up with the move, so it’s moving a bit sluggishly. Price is grinding along the middle band—without much energy or direction—so the rhythm is basically back-and-forth consolidation.
For reference only and does not constitute investment advice.
#DODOX #点金Midas