At 10:00 Beijing time, the top 3 by the 24-hour percentage gain on Binance Futures contracts are ZEC, MAGMA, and USELESS. Here’s a quick run-through of the public order book for those tracking the market.
ZEC price: 804.06. Up 40.63% in the last 24 hours. Trading volume is about $2.301 billion, the highest among the three.
Open interest is about $430 million, up 51.7% over the past 24 hours; it increased another 8.5% in the last hour. During the rally, leveraged positions are still expanding.
The buy/sell ratio is 1.08, but the overall long/short account ratio is only 0.65. Long accounts make up 39%, indicating that even when aggressive buying is slightly dominant, the account structure still leans bearish. The relative strength indicator (RSI) is 88.6, already in the overbought zone.
MAGMA price: 0.33031. Up 40.3% in the last 24 hours. Trading volume is about $47.85 million.
Open interest is about $7.27 million, up 47.2% over the past 24 hours; it rose another 5.6% in the last hour. Price and open interest are moving up in sync.
Funding rate is 0.0508%. Longs have paid for 8 straight funding periods. Meanwhile, the RSI has risen to 75.6; open interest expansion is accompanied by rising long costs and volatility pressure at higher levels.
USELESS price: 0.06662. Up 35.52% in the last 24 hours. Trading volume is about $29.41 million.
Open interest is about $5.50 million, up 37.3% over the past 24 hours; it increased another 3.5% in the last hour. The incremental positions are still entering.
The overall long/short account ratio is 1.27. Long accounts make up 56%, but the buy/sell ratio is only 0.96. This suggests that a slightly bullish account structure coincides with mildly stronger aggressive selling. The RSI is 75.8, also in the overbought zone.
The common point among all three is that their 24-hour gains are all above 35%, and their open-interest growth is all above 37%. The super-trend remains upward for all, but the RSI for all of them has also entered the overbought zone.
Going forward, focus on whether open interest continues to expand in the next ~1 hour, and whether the buy/sell ratio can keep pace. Items near the top of the gainers list are often accompanied by fast pullbacks and the risk of crowded leverage.
$ZEC $MAGMA $USELESS
#合约盘口 #Gainers list
Real-time record: This account currently holds FOGO long positions, and I’ll keep them as the underlying logic remains unchanged.
Claude Fable 5 assists with generation; this content is for market information only and does not constitute investment advice.
ZEC price: 804.06. Up 40.63% in the last 24 hours. Trading volume is about $2.301 billion, the highest among the three.
Open interest is about $430 million, up 51.7% over the past 24 hours; it increased another 8.5% in the last hour. During the rally, leveraged positions are still expanding.
The buy/sell ratio is 1.08, but the overall long/short account ratio is only 0.65. Long accounts make up 39%, indicating that even when aggressive buying is slightly dominant, the account structure still leans bearish. The relative strength indicator (RSI) is 88.6, already in the overbought zone.
MAGMA price: 0.33031. Up 40.3% in the last 24 hours. Trading volume is about $47.85 million.
Open interest is about $7.27 million, up 47.2% over the past 24 hours; it rose another 5.6% in the last hour. Price and open interest are moving up in sync.
Funding rate is 0.0508%. Longs have paid for 8 straight funding periods. Meanwhile, the RSI has risen to 75.6; open interest expansion is accompanied by rising long costs and volatility pressure at higher levels.
USELESS price: 0.06662. Up 35.52% in the last 24 hours. Trading volume is about $29.41 million.
Open interest is about $5.50 million, up 37.3% over the past 24 hours; it increased another 3.5% in the last hour. The incremental positions are still entering.
The overall long/short account ratio is 1.27. Long accounts make up 56%, but the buy/sell ratio is only 0.96. This suggests that a slightly bullish account structure coincides with mildly stronger aggressive selling. The RSI is 75.8, also in the overbought zone.
The common point among all three is that their 24-hour gains are all above 35%, and their open-interest growth is all above 37%. The super-trend remains upward for all, but the RSI for all of them has also entered the overbought zone.
Going forward, focus on whether open interest continues to expand in the next ~1 hour, and whether the buy/sell ratio can keep pace. Items near the top of the gainers list are often accompanied by fast pullbacks and the risk of crowded leverage.
$ZEC $MAGMA $USELESS
#合约盘口 #Gainers list
Real-time record: This account currently holds FOGO long positions, and I’ll keep them as the underlying logic remains unchanged.
Claude Fable 5 assists with generation; this content is for market information only and does not constitute investment advice.
