$YB : Today there’s big money moving, but I can’t quite tell what they’re doing yet.
Over the past few hours, the trading volume is 3.0x the usual.
Price is 0.0906, up 16.4% in 24 hours.
This kind of volume isn’t something retail traders can generate.
Behind it, there must be big money moving.
But what exactly are they doing?
It’s still unclear for now.
OI is up 1.7%, and the funding rate is 0.005%.
There are two possibilities.
First:
The big money is building a position. OI rises in sync, and next there may be a directional breakout.
Second:
The big money is distributing. OI falls in sync, and after the volume is digested, the price will actually drop back.
So I’m asking myself one question now:
If I were that piece of big money, what would I most want retail traders to do here?
In many cases, the answer is right in the order book.
I’m only waiting for two levels:
Break above 0.0917, with volume still ongoing → then follow.
Fall below 0.0802, with OI picking back up → bearish.
The volume moves first; we’ll wait for the price to give the answer.
Tap the small card below to quickly check the market👇
Over the past few hours, the trading volume is 3.0x the usual.
Price is 0.0906, up 16.4% in 24 hours.
This kind of volume isn’t something retail traders can generate.
Behind it, there must be big money moving.
But what exactly are they doing?
It’s still unclear for now.
OI is up 1.7%, and the funding rate is 0.005%.
There are two possibilities.
First:
The big money is building a position. OI rises in sync, and next there may be a directional breakout.
Second:
The big money is distributing. OI falls in sync, and after the volume is digested, the price will actually drop back.
So I’m asking myself one question now:
If I were that piece of big money, what would I most want retail traders to do here?
In many cases, the answer is right in the order book.
I’m only waiting for two levels:
Break above 0.0917, with volume still ongoing → then follow.
Fall below 0.0802, with OI picking back up → bearish.
The volume moves first; we’ll wait for the price to give the answer.
Tap the small card below to quickly check the market👇