BSBUSDT This is a bit grim right now—over the past 24 hours it dropped 8%, trading at 0.11869. The selloff is pretty harsh. The Bollinger Bands’ three lines are all pressing downward together, and the band width is widening further; the price has already broken below the lower band. It’s basically running along the bottom. %B has fallen to around -0.01, and the chart looks clearly weak.
The funding rate is still positive, at +0.0050%, suggesting that long positions have a higher cost basis—longs are paying shorts. Open interest is about $7.97 million, but it shrank 8.3% over the last 24 hours. Contract capital appears to be withdrawing, and the number of positions/units has been steadily declining. Market sentiment feels a bit cold.
The long/short ratio is 2.19. Long accounts still outnumber shorts, but the price is being kept pinned to the lower band and grinding there—this picture is a little contradictory. The 15-minute timeframe is slightly up by 0.25%, and volume has picked up to roughly 1.5 times the recent average. There’s some action in the short term, but it’s only a mild pullback; overall the market is still in a weak, sideways consolidation pattern.
For reference only and does not constitute investment advice.
#BSB #点金Midas
The funding rate is still positive, at +0.0050%, suggesting that long positions have a higher cost basis—longs are paying shorts. Open interest is about $7.97 million, but it shrank 8.3% over the last 24 hours. Contract capital appears to be withdrawing, and the number of positions/units has been steadily declining. Market sentiment feels a bit cold.
The long/short ratio is 2.19. Long accounts still outnumber shorts, but the price is being kept pinned to the lower band and grinding there—this picture is a little contradictory. The 15-minute timeframe is slightly up by 0.25%, and volume has picked up to roughly 1.5 times the recent average. There’s some action in the short term, but it’s only a mild pullback; overall the market is still in a weak, sideways consolidation pattern.
For reference only and does not constitute investment advice.
#BSB #点金Midas