$DEXE renewed strength, but around 2.67 I only watch and don’t chase. In the past six full 1-hour closes, the price was lifted step by step from 2.359 to 2.420 to 2.672; in the latest 1 hour it rose from 2.471 to 2.672, with about $2.23 million in volume. The breakout wasn’t a one-off abnormal trade.
This time I’m more concerned about the funding structure: in the latest 1 hour, open interest increased from about 4.83 million coins to 4.92 million, with the aggressive buy/sell ratio at 1.047. Price is being lifted together with new positions. Over the past 24 hours, derivatives contract volume is about $126 million, which is 3.5 times the spot volume of $36.49 million. Yet the funding rate is low at -0.1602%—shorts are paying heavily. That could mean squeezing shorts continues, but it also implies that once there’s a break in support, leverage can be unwound quickly.
My conditions: wait for the pullback to 2.54—2.58 on reduced volume and hold it before going long; if the 1-hour candle expands volume and closes above 2.69, that would confirm the next leg. If it breaks below 2.46, this repair structure fails. Bias is long; I only do pullbacks, not chasing acceleration.
#DEXE #DAO #资金费率 #contract data
This time I’m more concerned about the funding structure: in the latest 1 hour, open interest increased from about 4.83 million coins to 4.92 million, with the aggressive buy/sell ratio at 1.047. Price is being lifted together with new positions. Over the past 24 hours, derivatives contract volume is about $126 million, which is 3.5 times the spot volume of $36.49 million. Yet the funding rate is low at -0.1602%—shorts are paying heavily. That could mean squeezing shorts continues, but it also implies that once there’s a break in support, leverage can be unwound quickly.
My conditions: wait for the pullback to 2.54—2.58 on reduced volume and hold it before going long; if the 1-hour candle expands volume and closes above 2.69, that would confirm the next leg. If it breaks below 2.46, this repair structure fails. Bias is long; I only do pullbacks, not chasing acceleration.
#DEXE #DAO #资金费率 #contract data