HANA is up about 23%, but the coin-margined open interest is still falling—does that mean new money is chasing the rally?
At 02:09, HANA perpetual trading volume was about 21.41 million USDT. The price is hovering around 0.02085, only about 4.2% below the 0.02176 peak. Over the same period, BTC is up about 0.4% and ETH is down about 0.1%, making HANA’s 23% move stand out even more.
Positions are another story: in the past 3 hours, coin-margined open interest dropped by about 1.1%, while the corresponding value only increased by about 0.4%. Price increases themselves raise nominal value, so a rise in position value can’t be directly counted as a net inflow of new capital. The latest 1-hour active buy/sell ratio has been swinging between 0.56 and 1.79, with the latest at about 1.20. The 4-hour funding rate is roughly +0.0165%. The order book looks hot, but the buy pressure hasn’t managed to steadily overwhelm the sell side.
I went back through the Hana Network official website, the official Medium, and public reports, and in the past 24 hours I didn’t find any new announcement that matches the timing of this surge. Next, I’ll focus on just one signal: coin-margined open interest. If the price keeps rising while it continues to decline, I’ll open <$HANA > to verify the real-time trading volume and funding rate, then judge what is actually supporting this momentum.
$HANA #HANA异动 #Derivatives Watch
At 02:09, HANA perpetual trading volume was about 21.41 million USDT. The price is hovering around 0.02085, only about 4.2% below the 0.02176 peak. Over the same period, BTC is up about 0.4% and ETH is down about 0.1%, making HANA’s 23% move stand out even more.
Positions are another story: in the past 3 hours, coin-margined open interest dropped by about 1.1%, while the corresponding value only increased by about 0.4%. Price increases themselves raise nominal value, so a rise in position value can’t be directly counted as a net inflow of new capital. The latest 1-hour active buy/sell ratio has been swinging between 0.56 and 1.79, with the latest at about 1.20. The 4-hour funding rate is roughly +0.0165%. The order book looks hot, but the buy pressure hasn’t managed to steadily overwhelm the sell side.
I went back through the Hana Network official website, the official Medium, and public reports, and in the past 24 hours I didn’t find any new announcement that matches the timing of this surge. Next, I’ll focus on just one signal: coin-margined open interest. If the price keeps rising while it continues to decline, I’ll open <$HANA > to verify the real-time trading volume and funding rate, then judge what is actually supporting this momentum.
$HANA #HANA异动 #Derivatives Watch
