BICO is down 17.77% in 24h. Even though the passive/active bid is still leading, this is the current divergence.
Binance USD (U)-based perpetual | BICO remains weak within the day. First, we need to see whether the selling pressure can ease. Current price is about 0.02231, with 24h trading volume of about 40.5185 million; absolute volume does not equal relative volume.
Flows: short accounts account for 61%; buy/sell ratio (active) is 1.14 (price is falling but active bids are dominant); 30m open interest -0.3%; funding rate -0.1883%.
Reference indicators: the 30m ATR trend provides a reference level at 0.023536. With the current price breaking below that level, it shows that trend support is starting to come under pressure. 30m KDJ is 38.77/43.62/29.08, indicating that short-term divergence is still in the middle zone.
This divergence is very specific here: some expect it to continue breaking down further, while others expect a panic-driven rebound. I’d rather see whether the active buy/sell ratio of 1.14 can keep staying above 1, helping the price stabilize. If that doesn’t hold, even a sharp rebound is likely to turn into only a weak repair.
#BICO #Anomaly Alert
Binance USD (U)-based perpetual | BICO remains weak within the day. First, we need to see whether the selling pressure can ease. Current price is about 0.02231, with 24h trading volume of about 40.5185 million; absolute volume does not equal relative volume.
Flows: short accounts account for 61%; buy/sell ratio (active) is 1.14 (price is falling but active bids are dominant); 30m open interest -0.3%; funding rate -0.1883%.
Reference indicators: the 30m ATR trend provides a reference level at 0.023536. With the current price breaking below that level, it shows that trend support is starting to come under pressure. 30m KDJ is 38.77/43.62/29.08, indicating that short-term divergence is still in the middle zone.
This divergence is very specific here: some expect it to continue breaking down further, while others expect a panic-driven rebound. I’d rather see whether the active buy/sell ratio of 1.14 can keep staying above 1, helping the price stabilize. If that doesn’t hold, even a sharp rebound is likely to turn into only a weak repair.
#BICO #Anomaly Alert