CYS This wave is a bit limp—over the past 24 hours it’s down 9.69%, and that drop is a little harsh. Right now the price is basically running along the lower Bollinger Band. All three lines are being pressed downward together; the whole structure is in a bearish state. There isn’t much to say.
The funding rate is still positive, +0.0389%, which indicates that the long positions’ cost is relatively high—longs are paying shorts. Open interest is $24.69 million, but within 24 hours the number of contracts has fallen by about 7.3%. Contract capital is being withdrawn; overall market activity inside the venue is cooling down.
Across the whole market, the long/short ratio is 0.52. Short accounts clearly have the advantage—there are more people on the short side. Another bearish candle was just dumped in on the 15-minute timeframe, down 2.64%. Trading volume is only about 0.8 times the recent average volume; volume hasn’t kept up. It feels like it’s grinding lower with decreasing momentum.
Overall it’s: price running along the bottom, Bollinger Bands pressing down, capital flowing out, and short-side participation outweighing long-side. The chart is weak—but that’s basically the current situation.
For reference only and does not constitute investment advice.
#CYS #点金Midas
The funding rate is still positive, +0.0389%, which indicates that the long positions’ cost is relatively high—longs are paying shorts. Open interest is $24.69 million, but within 24 hours the number of contracts has fallen by about 7.3%. Contract capital is being withdrawn; overall market activity inside the venue is cooling down.
Across the whole market, the long/short ratio is 0.52. Short accounts clearly have the advantage—there are more people on the short side. Another bearish candle was just dumped in on the 15-minute timeframe, down 2.64%. Trading volume is only about 0.8 times the recent average volume; volume hasn’t kept up. It feels like it’s grinding lower with decreasing momentum.
Overall it’s: price running along the bottom, Bollinger Bands pressing down, capital flowing out, and short-side participation outweighing long-side. The chart is weak—but that’s basically the current situation.
For reference only and does not constitute investment advice.
#CYS #点金Midas