ARC intraday surged 36.00%, but price, trading volume, and positioning have not yet moved in the same direction; for now, I will not participate.
$ARC intraday rose 36.00%, which is 35.76% higher than the median in the same market and looks very strong on the surface. But I won’t participate because the price, trading volume, and open interest (contract positions) have not pointed in the same direction.
Intraday valued trading volume is 17,505,497 USDT, and the short-term volume Z-Score reached 2.7477, indicating the rally is not lacking in trading activity. However, OI only increased by 0.2575%, corresponding to an open interest notional value of 24,041,047 USDT; the sharp price rise has not been supported by a commensurate expansion in open interest. The funding rate is 0.0011, and the direction of the ratio between top traders’ long/short positions is inconsistent with the positioning; therefore, you cannot directly equate the rally with a followable long trend.
When opening ARC, focus on checking whether price can maintain its direction, whether trading volume can continue to expand, and whether OI is expanding in sync. Only if all three show directional continuation should you consider participating. If price, trading activity, and positioning continue to diverge from each other, stay on the sidelines.
Relevant asset: $ARC
The live quotes and trading entry for $ARC are below.
$ARC intraday rose 36.00%, which is 35.76% higher than the median in the same market and looks very strong on the surface. But I won’t participate because the price, trading volume, and open interest (contract positions) have not pointed in the same direction.
Intraday valued trading volume is 17,505,497 USDT, and the short-term volume Z-Score reached 2.7477, indicating the rally is not lacking in trading activity. However, OI only increased by 0.2575%, corresponding to an open interest notional value of 24,041,047 USDT; the sharp price rise has not been supported by a commensurate expansion in open interest. The funding rate is 0.0011, and the direction of the ratio between top traders’ long/short positions is inconsistent with the positioning; therefore, you cannot directly equate the rally with a followable long trend.
When opening ARC, focus on checking whether price can maintain its direction, whether trading volume can continue to expand, and whether OI is expanding in sync. Only if all three show directional continuation should you consider participating. If price, trading activity, and positioning continue to diverge from each other, stay on the sidelines.
Relevant asset: $ARC
The live quotes and trading entry for $ARC are below.
