HOME is now around 0.0112u. These past two days it has surged a lot—up 14 points in the last 24 hours, and in the past four hours it’s still pushing higher. But at this level, I don’t plan to chase.
The issue isn’t the price—it’s the funding. In the spot market, large orders show net outflows. For the past three hours, among the flows into the 12柱es, not a single one is positive. During this upward push, the big spot money has actually been moving out the whole time. On the futures side, the open interest over the last 24 hours has even shrunk by nearly 9 points. Fees are still deeply negative. This move looks more like a short-covering rebound squeezed out, not fresh capital coming in.
Over in the forum it’s also lively—lots of people posting their futures positions and calling for buybacks—but it mostly comes down to just one KOL, so the emotional “gold content” isn’t high. The technical picture is more straightforward: price has already reached outside the upper Bollinger band; MFI is about to hit 74, yet volume is only around 80% of usual. In the short term, it’s overheating—participation hasn’t kept up.
In plain terms: this is a strong rebound within a downtrend structure. Price is still below the 50-day and 200-day moving averages. Since the ATH, it’s already down more than 80%, and just two weeks ago it set a new historical low. The rebound is forceful, but the foundation is empty—chasing here is generally not a good value trade.
My plan: wait and observe. Let this momentum cool down on its own. If it pulls back and can hold steady, and if spot funding turns positive, then consider entering. Going in now means you’re buying the most expensive spot and taking on the largest volatility.
#home $HOME
The issue isn’t the price—it’s the funding. In the spot market, large orders show net outflows. For the past three hours, among the flows into the 12柱es, not a single one is positive. During this upward push, the big spot money has actually been moving out the whole time. On the futures side, the open interest over the last 24 hours has even shrunk by nearly 9 points. Fees are still deeply negative. This move looks more like a short-covering rebound squeezed out, not fresh capital coming in.
Over in the forum it’s also lively—lots of people posting their futures positions and calling for buybacks—but it mostly comes down to just one KOL, so the emotional “gold content” isn’t high. The technical picture is more straightforward: price has already reached outside the upper Bollinger band; MFI is about to hit 74, yet volume is only around 80% of usual. In the short term, it’s overheating—participation hasn’t kept up.
In plain terms: this is a strong rebound within a downtrend structure. Price is still below the 50-day and 200-day moving averages. Since the ATH, it’s already down more than 80%, and just two weeks ago it set a new historical low. The rebound is forceful, but the foundation is empty—chasing here is generally not a good value trade.
My plan: wait and observe. Let this momentum cool down on its own. If it pulls back and can hold steady, and if spot funding turns positive, then consider entering. Going in now means you’re buying the most expensive spot and taking on the largest volatility.
#home $HOME