The same batch of funds has been switching back and forth in small-cap, high-volatility names these past two days, and $Lobster just happened to catch the baton.
Today it can enter the contract top gainers list—it’s not a single-point anomaly. I think it’s more like a resonance within a theme-rotation cycle: the front seats pump up sentiment, and then the back seats start absorbing the chase-buying. The problem is that on the spot side I haven’t seen volume comparable to this. In contracts, the past 24 hours have already reached 124.34M USDT, yet the funding rate has climbed to +0.1307%. That suggests the people chasing longs are crowded into perpetuals, and their cost isn’t low.
More importantly, the open interest has already reached 678,990,462 $Lobster. Price is up, OI is also up—this isn’t necessarily a bad thing. But with the funding rate this high, it can very easily turn into longs crowding into their own positions. I’m not chasing now; I’ll set a small order and wait for a pullback. If there’s no pullback, then so be it. If I truly do trade, I’ll only use a 2%-3% position size and add only after the funding rate drops—otherwise the risk/reward just isn’t right.
These kinds of trades can continue running, but they’re more suited to waiting until crowding loosens a bit first. $Lobster #Lobster
This post is just my own thoughts, not investment advice.
Today it can enter the contract top gainers list—it’s not a single-point anomaly. I think it’s more like a resonance within a theme-rotation cycle: the front seats pump up sentiment, and then the back seats start absorbing the chase-buying. The problem is that on the spot side I haven’t seen volume comparable to this. In contracts, the past 24 hours have already reached 124.34M USDT, yet the funding rate has climbed to +0.1307%. That suggests the people chasing longs are crowded into perpetuals, and their cost isn’t low.
More importantly, the open interest has already reached 678,990,462 $Lobster. Price is up, OI is also up—this isn’t necessarily a bad thing. But with the funding rate this high, it can very easily turn into longs crowding into their own positions. I’m not chasing now; I’ll set a small order and wait for a pullback. If there’s no pullback, then so be it. If I truly do trade, I’ll only use a 2%-3% position size and add only after the funding rate drops—otherwise the risk/reward just isn’t right.
These kinds of trades can continue running, but they’re more suited to waiting until crowding loosens a bit first. $Lobster #Lobster
This post is just my own thoughts, not investment advice.