EUL This move is quite interesting. In the past 24 hours it’s up 11.71%. The surge is a bit strong, but the current market structure is relatively weak.
The three Bollinger Bands are all being pushed downward together—typical of a bearish descending structure. Price is hovering below the mid-band. %B is 0.34, not far from the lower band, but not extremely close either—more like a lower-middle position. On the 15-minute cycle, it’s actually up slightly by 0.43%. Volume is in line with the recent average volume, with no particularly notable change.
The funding rate is negative at -0.2309%, indicating that short positions have a higher cost basis—shorts are paying longs. Open interest isn’t idle either: OI increased by 17.1% over 24 hours, contract capital is flowing in, and the number of outstanding contracts is rising. However, the number of accounts in the whole market is 0.75—short accounts clearly have the advantage.
In one sentence: the price is rallying aggressively, but the structure is weak; there are more shorts, the funding rate is inverted, and positions are increasing. Longs and shorts are clearly fighting at this level—the chart feels a bit twisted.
For reference only and does not constitute investment advice.
#EUL #点金Midas
The three Bollinger Bands are all being pushed downward together—typical of a bearish descending structure. Price is hovering below the mid-band. %B is 0.34, not far from the lower band, but not extremely close either—more like a lower-middle position. On the 15-minute cycle, it’s actually up slightly by 0.43%. Volume is in line with the recent average volume, with no particularly notable change.
The funding rate is negative at -0.2309%, indicating that short positions have a higher cost basis—shorts are paying longs. Open interest isn’t idle either: OI increased by 17.1% over 24 hours, contract capital is flowing in, and the number of outstanding contracts is rising. However, the number of accounts in the whole market is 0.75—short accounts clearly have the advantage.
In one sentence: the price is rallying aggressively, but the structure is weak; there are more shorts, the funding rate is inverted, and positions are increasing. Longs and shorts are clearly fighting at this level—the chart feels a bit twisted.
For reference only and does not constitute investment advice.
#EUL #点金Midas