Contract Order Book Daily Report | 8/27 — $80K Threshold Holds as Bids and Positions Rise Together
At 23:00 Beijing time, the marked price for $BTC was $80,148, up 3.06%, with open interest also increasing 1.8% to $8.523 billion.
Prices retested the $80K supply wall, but the ratio of active buy/sell order book is only 0.95, suggesting that the chase-buy demand has not kept up with the expansion of positions.
Longs make up 52%, funding rate is 0.0065%, and the fear/greed index rises to 71.
The structure is bullish but not out of control. The real risk is that as sentiment heats up, leverage continues to increase, while effective support above $80K has still been slow to form.
Spot Bitcoin ETF inflows into exchanges have recently resumed, providing support for risk appetite, but it has not yet changed the fact that active sell orders still have a slight edge.
$SOL is up 12.07%, with the funding rate rising to 0.01%. This is the most obvious case among major perpetual contracts where both price and long cost expansion are pronounced.
$ETH is up 3.23%, and its funding rate is only 0.0015%. Meanwhile, Revolut plans to issue euro stablecoins on Ethereum—there is a fundamental catalyst, but contract crowding is clearly lower than for SOL.
Next, first we look to see whether $80K can be defended while open interest continues to increase. Second, we watch whether the active buy/sell ratio can regain the level above 1.
The Jackson Hole speech may reset rate expectations. Until the outcome is finalized, the combination of price rising, open interest increasing, and the order book buy bias staying weak is still the main setup to guard against.
Trade log: This account currently holds FOGO long positions. As long as the original logic remains unchanged, we continue to hold.
Compiled with assistance from Claude Fable 5 for contract data. For information only—please verify for yourself.
At 23:00 Beijing time, the marked price for $BTC was $80,148, up 3.06%, with open interest also increasing 1.8% to $8.523 billion.
Prices retested the $80K supply wall, but the ratio of active buy/sell order book is only 0.95, suggesting that the chase-buy demand has not kept up with the expansion of positions.
Longs make up 52%, funding rate is 0.0065%, and the fear/greed index rises to 71.
The structure is bullish but not out of control. The real risk is that as sentiment heats up, leverage continues to increase, while effective support above $80K has still been slow to form.
Spot Bitcoin ETF inflows into exchanges have recently resumed, providing support for risk appetite, but it has not yet changed the fact that active sell orders still have a slight edge.
$SOL is up 12.07%, with the funding rate rising to 0.01%. This is the most obvious case among major perpetual contracts where both price and long cost expansion are pronounced.
$ETH is up 3.23%, and its funding rate is only 0.0015%. Meanwhile, Revolut plans to issue euro stablecoins on Ethereum—there is a fundamental catalyst, but contract crowding is clearly lower than for SOL.
Next, first we look to see whether $80K can be defended while open interest continues to increase. Second, we watch whether the active buy/sell ratio can regain the level above 1.
The Jackson Hole speech may reset rate expectations. Until the outcome is finalized, the combination of price rising, open interest increasing, and the order book buy bias staying weak is still the main setup to guard against.
Trade log: This account currently holds FOGO long positions. As long as the original logic remains unchanged, we continue to hold.
Compiled with assistance from Claude Fable 5 for contract data. For information only—please verify for yourself.
