$BEAT Over the past 15 minutes, it surged 2.24%. Volume energy was directly scaled up to 4.5x, and the price has also broken through the upper edge of the range of nearly 20 five-minute K-lines.
But interestingly, while the price is rising, the contract open interest actually only dipped slightly. This looks more like shorts being forced to passively cover, rather than fresh longs stepping in to push it higher. The initiative of buy-side demand is still rather weak—the buy/sell ratio is only 0.92, with a negative spread.
So the “quality” of this breakout needs a discount. Don’t get too overexcited for the short term. Either wait for a pullback to confirm, or wait for open interest to turn back upward again before adding—don’t chase the price.
In the last 24 hours, trading value was 117 million. Liquidity and hype are definitely there; it’s just that you need to step into the rhythm steadily.
But interestingly, while the price is rising, the contract open interest actually only dipped slightly. This looks more like shorts being forced to passively cover, rather than fresh longs stepping in to push it higher. The initiative of buy-side demand is still rather weak—the buy/sell ratio is only 0.92, with a negative spread.
So the “quality” of this breakout needs a discount. Don’t get too overexcited for the short term. Either wait for a pullback to confirm, or wait for open interest to turn back upward again before adding—don’t chase the price.
In the last 24 hours, trading value was 117 million. Liquidity and hype are definitely there; it’s just that you need to step into the rhythm steadily.