BZ is now around 89.4, grinding right under the 24-hour high at 89.98. In a day it’s risen by more than 3.
The trend is clear. Both the 4-hour and daily directions are still upward. Price is climbing while hugging the short- and mid-term moving averages; buy orders are pressing against sell orders. The funding rate is still negative—after a rise like this, even the shorts haven’t surrendered. Open interest is up about 7% in a day, so new money really is entering.
But when I watch the chart, I always start by checking whether the money has kept up. In the whale accounts, the long ratio dropped by 20% over these seven hours; meanwhile, spot big orders net inflow is still zero. What’s interesting is that the long ratio in retail accounts is actually higher than in the whale accounts. As price moves up, the real big money hasn’t really done much. The ones pushing the price higher look more like leveraged FOMO buyers.
With a tape like this, the move is definitely up. The question is: if you chase right into the area near the daily high, whose hand are you really taking?
So I won’t chase here. I’ll wait for a pullback toward the moving averages and see if it can hold there. Then we’ll look for a potential second wave. If the pullback breaks the level immediately, then this move should be treated as a rebound.
#bz $BZ
The trend is clear. Both the 4-hour and daily directions are still upward. Price is climbing while hugging the short- and mid-term moving averages; buy orders are pressing against sell orders. The funding rate is still negative—after a rise like this, even the shorts haven’t surrendered. Open interest is up about 7% in a day, so new money really is entering.
But when I watch the chart, I always start by checking whether the money has kept up. In the whale accounts, the long ratio dropped by 20% over these seven hours; meanwhile, spot big orders net inflow is still zero. What’s interesting is that the long ratio in retail accounts is actually higher than in the whale accounts. As price moves up, the real big money hasn’t really done much. The ones pushing the price higher look more like leveraged FOMO buyers.
With a tape like this, the move is definitely up. The question is: if you chase right into the area near the daily high, whose hand are you really taking?
So I won’t chase here. I’ll wait for a pullback toward the moving averages and see if it can hold there. Then we’ll look for a potential second wave. If the pullback breaks the level immediately, then this move should be treated as a rebound.
#bz $BZ