It is currently 10:00 AM Beijing time. First, let’s go through the order book of the top three gainers on Binance’s 24-hour contracts % gain leaderboard.
All three coins have 24-hour gains of over 48%, and the funding fee rate has also been paid continuously for 8 straight periods by the long side. This indicates that holders of long positions are continuously getting buyers from the short side.
The coin in first place, “Lobster,” rose 89.49% over the past 24 hours. Its 24-hour trading volume was $370 million, and its open interest was $49.13 million. Its open interest surged 148.8% over 24 hours, but the growth rate over the most recent 1 hour is only 1.5%. Adding to positions has been concentrated earlier, and momentum has slowed down for now. The long/short account ratio is just 0.46, with long accounts accounting for only 31%, but the large-trader long/short ratio is 1.56. Retail positioning is leaning short, while large traders are leaning long—there is a divergence between the two sides. The Relative Strength indicator is 76.3, placing it in the overbought zone.
The coin in second place, “AKE,” rose 55.19% over the past 24 hours. Its 24-hour trading volume was $162 million, and its open interest was $40.64 million. Open interest increased 61.7% over 24 hours, but over the latest 1 hour it turned negative, down 1.0%—the pace of adding positions is cooling off. The long/short account ratio is 0.66, with long accounts at 40%. The large-trader long/short ratio is 0.91, and both retail and large traders are relatively cautious. The Relative Strength indicator is 75.1, also in the overbought zone.
The coin in third place, “MAGMA,” rose 48.44% over the past 24 hours. Its 24-hour trading volume was $211 million, and its open interest was $15.37 million. Open interest increased 125.7% over 24 hours. In the latest 1 hour it is still expanding, with the gain reaching 5.9%. It is the only one among the three whose open interest growth is still accelerating. The large-trader long/short ratio is 1.28, leaning long. The Relative Strength indicator is 67.2, in a neutral range, not yet above the overbought threshold.
Among the three coins, two have already had Relative Strength indicators move into the overbought zone, and both are accompanied by funding fees being paid continuously by the long side, along with a sharp jump in open interest over the past 24 hours. This combination of rising price gains, open interest, and funding fees tends to amplify high-level volatility, and drawdown patterns can also become faster. The above is only an objective breakdown of the order book for the top three by 24-hour % gains and does not constitute any trading advice.
#龙虾 #AKE #MAGMA #Contract market data
Live trading disclosure: This account currently holds $FOGO long contracts; the related views are consistent with the actual positions.
The contract data was assisted and compiled by Claude Fable 5 for reference only; please verify independently.
All three coins have 24-hour gains of over 48%, and the funding fee rate has also been paid continuously for 8 straight periods by the long side. This indicates that holders of long positions are continuously getting buyers from the short side.
The coin in first place, “Lobster,” rose 89.49% over the past 24 hours. Its 24-hour trading volume was $370 million, and its open interest was $49.13 million. Its open interest surged 148.8% over 24 hours, but the growth rate over the most recent 1 hour is only 1.5%. Adding to positions has been concentrated earlier, and momentum has slowed down for now. The long/short account ratio is just 0.46, with long accounts accounting for only 31%, but the large-trader long/short ratio is 1.56. Retail positioning is leaning short, while large traders are leaning long—there is a divergence between the two sides. The Relative Strength indicator is 76.3, placing it in the overbought zone.
The coin in second place, “AKE,” rose 55.19% over the past 24 hours. Its 24-hour trading volume was $162 million, and its open interest was $40.64 million. Open interest increased 61.7% over 24 hours, but over the latest 1 hour it turned negative, down 1.0%—the pace of adding positions is cooling off. The long/short account ratio is 0.66, with long accounts at 40%. The large-trader long/short ratio is 0.91, and both retail and large traders are relatively cautious. The Relative Strength indicator is 75.1, also in the overbought zone.
The coin in third place, “MAGMA,” rose 48.44% over the past 24 hours. Its 24-hour trading volume was $211 million, and its open interest was $15.37 million. Open interest increased 125.7% over 24 hours. In the latest 1 hour it is still expanding, with the gain reaching 5.9%. It is the only one among the three whose open interest growth is still accelerating. The large-trader long/short ratio is 1.28, leaning long. The Relative Strength indicator is 67.2, in a neutral range, not yet above the overbought threshold.
Among the three coins, two have already had Relative Strength indicators move into the overbought zone, and both are accompanied by funding fees being paid continuously by the long side, along with a sharp jump in open interest over the past 24 hours. This combination of rising price gains, open interest, and funding fees tends to amplify high-level volatility, and drawdown patterns can also become faster. The above is only an objective breakdown of the order book for the top three by 24-hour % gains and does not constitute any trading advice.
#龙虾 #AKE #MAGMA #Contract market data
Live trading disclosure: This account currently holds $FOGO long contracts; the related views are consistent with the actual positions.
The contract data was assisted and compiled by Claude Fable 5 for reference only; please verify independently.
