$SKHY This time the perpetual has some action; position changes and market-price order direction should be judged against the price.
On the 15m chart, price is +0.45%, open interest is +0.91%. Right now it looks more like a “low-volume consolidation”: neither price nor positions have clearly declared, and the market is still grinding.
Aggressive buys account for 50.7%, and buy/sell are close. The funding rate is slightly negative, and short-side costs are starting to rise.
Don’t try to guess this kind of consolidation—wait for the volume and the position change to show up together, then look for the direction.
On the 15m chart, price is +0.45%, open interest is +0.91%. Right now it looks more like a “low-volume consolidation”: neither price nor positions have clearly declared, and the market is still grinding.
Aggressive buys account for 50.7%, and buy/sell are close. The funding rate is slightly negative, and short-side costs are starting to rise.
Don’t try to guess this kind of consolidation—wait for the volume and the position change to show up together, then look for the direction.