The spot market hasn’t gotten very hot yet, but the futures market already turned up the volume first. $ACU 24h Futures trading has already reached $12.64M, with funding rate only +0.0053%. OI is sitting at 24,043,087 ACU. This combination looks more like short-term funds rotating and changing hands rather than one-sided chasing.
If it makes the leaderboard, I don’t think it’s because the story suddenly got tougher. It’s more that sentiment was ignited first, and the futures order book pushed the heat up. The spot followed, but not as neatly. I didn’t open a position. With coins that have relatively low funding rates but piled-up positions, the easiest thing is to sweep both sides’ stop losses first, then decide the direction.
$ACU #ACU
If it makes the leaderboard, I don’t think it’s because the story suddenly got tougher. It’s more that sentiment was ignited first, and the futures order book pushed the heat up. The spot followed, but not as neatly. I didn’t open a position. With coins that have relatively low funding rates but piled-up positions, the easiest thing is to sweep both sides’ stop losses first, then decide the direction.
$ACU #ACU