LABUSDT This move is a bit brutal—the price has directly broken through the lower Bollinger Band. The three lines are all pressing downward together. %B has already dropped to -0.05, basically running along the bottom edge of the band. In the past 24 hours, it’s down 4.81%; market sentiment is weak. The number of short positions clearly has the advantage—long/short ratio is 3.81, and long-side traders are being pinned down.
Funding rate is still positive at +0.0560%, which suggests that the cost basis for long positions is relatively high. In terms of derivatives funding and open interest (OI), the open positions are $14.46 million and have shrunk by 3.4% over the past 24 hours. The number of contracts is decreasing, while capital is pulling out.
It’s down another 0.58% on the 15-minute chart, but suddenly trading volume surged—expanding to 3.4 times the recent average volume. The volume is exploding, but the price hasn’t been able to hold; it’s still grinding lower.
Right now, shorts are pressing the attack while longs have more accounts but higher costs, and funds are still flowing out. The market looks pretty stifling. In the short cycle, price keeps repeatedly scraping the lower band, and although volume has been boosted, directional conviction is weak—it’s basically whipsawing and grinding.
For reference only and does not constitute investment advice.
#LAB #点金Midas
Funding rate is still positive at +0.0560%, which suggests that the cost basis for long positions is relatively high. In terms of derivatives funding and open interest (OI), the open positions are $14.46 million and have shrunk by 3.4% over the past 24 hours. The number of contracts is decreasing, while capital is pulling out.
It’s down another 0.58% on the 15-minute chart, but suddenly trading volume surged—expanding to 3.4 times the recent average volume. The volume is exploding, but the price hasn’t been able to hold; it’s still grinding lower.
Right now, shorts are pressing the attack while longs have more accounts but higher costs, and funds are still flowing out. The market looks pretty stifling. In the short cycle, price keeps repeatedly scraping the lower band, and although volume has been boosted, directional conviction is weak—it’s basically whipsawing and grinding.
For reference only and does not constitute investment advice.
#LAB #点金Midas