CAP is in a repair/disagreement zone—first look at the conditions, don’t guess the bottom.
Binance U-margined Perpetuals｜CAP past 24 hours: -22.56%. Weakness remains; for any repair, first see whether selling pressure is converging. Current price is about 0.03089, with 24h trading volume of about 35.2945 million; absolute volume doesn’t equal relative volume.
Funding/positioning: Long accounts make up 56%; active buy/sell ratio is 0.85 (active sell orders are dominant); 30m open interest -0.4%; funding rate +0.0050%.
Reference indicators: 30m RSI at 17.45 is already oversold, suggesting short-term panic is close to being fully priced in; 30m Supertrend at 0.034349—current price has broken below the reference level, indicating the trend support level is starting to come under pressure.
Which one will you wait for first: will the active buy/sell ratio of 0.85 break above 1 first, or continue to deviate further, or will the 30m RSI 17.4 be able to return above 30?
#CAP #Anomaly Alert
Binance U-margined Perpetuals｜CAP past 24 hours: -22.56%. Weakness remains; for any repair, first see whether selling pressure is converging. Current price is about 0.03089, with 24h trading volume of about 35.2945 million; absolute volume doesn’t equal relative volume.
Funding/positioning: Long accounts make up 56%; active buy/sell ratio is 0.85 (active sell orders are dominant); 30m open interest -0.4%; funding rate +0.0050%.
Reference indicators: 30m RSI at 17.45 is already oversold, suggesting short-term panic is close to being fully priced in; 30m Supertrend at 0.034349—current price has broken below the reference level, indicating the trend support level is starting to come under pressure.
Which one will you wait for first: will the active buy/sell ratio of 0.85 break above 1 first, or continue to deviate further, or will the 30m RSI 17.4 be able to return above 30?
#CAP #Anomaly Alert