Spot only traded $1.85M; the contract was sent first to $5.55M. The trade ratio is 3.0x. This time, $TWT getting on the leaderboard feels more like someone is using perpetuals to ignite it, while the spot follows later at a slow pace.
Price moved from $0.4327 to $0.4919, up +10.341% in 24h. The high is at $0.4944. The funding rate only reached +0.0050%, and OI is still sitting at 7,571,621 TWT. There’s some heat, but the crowding hasn’t gotten out of control.
I won’t chase this kind of market. Near $0.494, I placed a 2% limit sell for a short; the stop loss is set a little above the high point. If there’s no refill, so be it. Retail traders love to raise the banner for someone else at positions like this. $TWT #TWT
Price moved from $0.4327 to $0.4919, up +10.341% in 24h. The high is at $0.4944. The funding rate only reached +0.0050%, and OI is still sitting at 7,571,621 TWT. There’s some heat, but the crowding hasn’t gotten out of control.
I won’t chase this kind of market. Near $0.494, I placed a 2% limit sell for a short; the stop loss is set a little above the high point. If there’s no refill, so be it. Retail traders love to raise the banner for someone else at positions like this. $TWT #TWT