LIT is moving quite strongly right now. In the past 24 hours it has risen 6.79%. The price has directly pushed up above the middle band. All three Bollinger lines are being lifted upward together, and the overall structure is bullish. The latest price is 2.4665, not far from the upper band—it's running close to the upper band.
The funding rate is still positive at +0.0050%, indicating that long positions have a relatively high cost, and longs are paying shorts. Open interest is $39.98 million; the number of contracts in the past 24 hours increased by 7.8%. Contract capital is flowing in, and volume has not contracted. The long-to-short ratio is 1.60, with the number of accounts holding longs clearly in advantage, and market sentiment is more bullish.
However, on the 15-minute timeframe it has just pulled back slightly, down 0.54%, and the trading volume is only 0.8 times the recent average volume. The momentum for the short-term push higher has eased a bit, but the overall structure is not damaged—the price is still hovering above the middle band.
For reference only and does not constitute investment advice.
#LIT #点金Midas
The funding rate is still positive at +0.0050%, indicating that long positions have a relatively high cost, and longs are paying shorts. Open interest is $39.98 million; the number of contracts in the past 24 hours increased by 7.8%. Contract capital is flowing in, and volume has not contracted. The long-to-short ratio is 1.60, with the number of accounts holding longs clearly in advantage, and market sentiment is more bullish.
However, on the 15-minute timeframe it has just pulled back slightly, down 0.54%, and the trading volume is only 0.8 times the recent average volume. The momentum for the short-term push higher has eased a bit, but the overall structure is not damaged—the price is still hovering above the middle band.
For reference only and does not constitute investment advice.
#LIT #点金Midas