COOKIE This is a bit interesting right now—over the past 24 hours it’s up 18%, and the rise is pretty strong. But the market structure looks weak: the three Bollinger Bands lines have been pressing downward, the price is hovering below the mid-band, and %B is only 0.27—it's not far from the lower band, grinding around the bottom area.
The funding rate is negative, and short positions have a higher cost—shorts are paying longs. Meanwhile, open interest hasn’t shrunk; it’s actually up 9.8%, and contract capital is still flowing in. But the number of long vs short participants is 2.06, with long accounts clearly in the majority—more people are on the long side.
On the 15-minute timeframe there’s basically no change: it’s down 0.09%, and volume has also shrunk to about half of the recent average. Trading is a bit quiet. Overall, the takeaway is this—prices are rising aggressively, but the structure is weak; the funding rate is bearish; open interest is increasing; more participants are on the long side; and the short-term trend is mostly sideways and grinding.
For reference only and does not constitute investment advice.
#COOKIE #点金Midas
The funding rate is negative, and short positions have a higher cost—shorts are paying longs. Meanwhile, open interest hasn’t shrunk; it’s actually up 9.8%, and contract capital is still flowing in. But the number of long vs short participants is 2.06, with long accounts clearly in the majority—more people are on the long side.
On the 15-minute timeframe there’s basically no change: it’s down 0.09%, and volume has also shrunk to about half of the recent average. Trading is a bit quiet. Overall, the takeaway is this—prices are rising aggressively, but the structure is weak; the funding rate is bearish; open interest is increasing; more participants are on the long side; and the short-term trend is mostly sideways and grinding.
For reference only and does not constitute investment advice.
#COOKIE #点金Midas
