Two data points at this moment that are fighting each other, both coming from Binance Futures (set up in Beijing time tonight):
📊 Big account long/short ratio (by position, top 20% accounts by margin balance): 1.56, slightly bullish. In the past 24 hours it once surged to 1.67, but has since fallen back and stabilized—big accounts are building up long $BTC positions, but they haven’t chased the price.
📊 Funding rate: 0.0068%, almost zero (benchmark is 0.01%). Retail leveraged longs simply haven’t caught up; the cost of going long across the whole market remains low.
Translate this: In positions, big accounts are leaning long; in terms of sentiment, the market feels icy. This kind of combination of “having positions, but no sentiment” historically is often not the end of a move—it’s the beginning of one that nobody believes in.
Of course, big accounts can also be wrong. But at least right now, the cost of holding longs is ridiculously cheap. $BTC is moving sideways at $64,300—where do you stand?
📊 Big account long/short ratio (by position, top 20% accounts by margin balance): 1.56, slightly bullish. In the past 24 hours it once surged to 1.67, but has since fallen back and stabilized—big accounts are building up long $BTC positions, but they haven’t chased the price.
📊 Funding rate: 0.0068%, almost zero (benchmark is 0.01%). Retail leveraged longs simply haven’t caught up; the cost of going long across the whole market remains low.
Translate this: In positions, big accounts are leaning long; in terms of sentiment, the market feels icy. This kind of combination of “having positions, but no sentiment” historically is often not the end of a move—it’s the beginning of one that nobody believes in.
Of course, big accounts can also be wrong. But at least right now, the cost of holding longs is ridiculously cheap. $BTC is moving sideways at $64,300—where do you stand?
看涨
50%
看跌
50%
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