I put $USELESS in the same category as those—“emotions are very hot, but the structure isn’t in order.” Getting listed isn’t weird. If you want to chase me, you’ll probably end up a little late.
It can surge into the top positions on the contracts gainers list today not because the order book looks particularly healthy, but because the funds first ignite the heat.
In the last 24 hours, contract trading volume has reached 86.70M USDT. For small coins, this kind of volume means people paying attention to it suddenly increased a lot.
But what’s even more awkward is that even with the price rising like this, the funding rate is still -0.0246%.
That’s interesting.
While it’s going up, the funding rate is still negative. That suggests the market isn’t the kind of unified “everyone is bullish.” It’s more like the crowd chasing it and the ones who don’t agree are pushing against each other.
Also take a look at open interest—96,134,174 USELESS isn’t small either.
With positions stacking up and the funding rate still negative, I’d interpret it as quite a few people here are holding against the price, fighting the move.
The most likely thing to happen with a coin like this isn’t a slow climb upward. It’s that volatility suddenly becomes extremely exaggerated.
I just finished washing up, stepped out, and glanced at it—DouDou was already lying asleep beside the keyboard. Even the cat was calmer than me. When I watch this kind of chart, my own heartbeat speeds up. 😅
One more point many people overlook: coins like $USELESS that rush onto the leaderboard today purely on contract momentum—if the spot market doesn’t keep up, the price action will look a bit “hollow.”
To put it bluntly: contracts get hot first, and price can run fast—but it’s also easy to get it going in a really twisted way due to squeeze-and-battle dynamics.
So over here I’m not bearish—I’m more in observation mode.
If it keeps going up, I won’t be surprised at all. But at this spot, I don’t want to chase the emotion. Unless later the spot market takes over in a more solid way, otherwise I’ll just treat it as a high-volatility watch item.
If you already have orders in your hands, really keep a close watch on the timing—don’t let a single line throw you off balance. $USELESS #USELESS
That’s my take. Your money, you decide.
It can surge into the top positions on the contracts gainers list today not because the order book looks particularly healthy, but because the funds first ignite the heat.
In the last 24 hours, contract trading volume has reached 86.70M USDT. For small coins, this kind of volume means people paying attention to it suddenly increased a lot.
But what’s even more awkward is that even with the price rising like this, the funding rate is still -0.0246%.
That’s interesting.
While it’s going up, the funding rate is still negative. That suggests the market isn’t the kind of unified “everyone is bullish.” It’s more like the crowd chasing it and the ones who don’t agree are pushing against each other.
Also take a look at open interest—96,134,174 USELESS isn’t small either.
With positions stacking up and the funding rate still negative, I’d interpret it as quite a few people here are holding against the price, fighting the move.
The most likely thing to happen with a coin like this isn’t a slow climb upward. It’s that volatility suddenly becomes extremely exaggerated.
I just finished washing up, stepped out, and glanced at it—DouDou was already lying asleep beside the keyboard. Even the cat was calmer than me. When I watch this kind of chart, my own heartbeat speeds up. 😅
One more point many people overlook: coins like $USELESS that rush onto the leaderboard today purely on contract momentum—if the spot market doesn’t keep up, the price action will look a bit “hollow.”
To put it bluntly: contracts get hot first, and price can run fast—but it’s also easy to get it going in a really twisted way due to squeeze-and-battle dynamics.
So over here I’m not bearish—I’m more in observation mode.
If it keeps going up, I won’t be surprised at all. But at this spot, I don’t want to chase the emotion. Unless later the spot market takes over in a more solid way, otherwise I’ll just treat it as a high-volatility watch item.
If you already have orders in your hands, really keep a close watch on the timing—don’t let a single line throw you off balance. $USELESS #USELESS
That’s my take. Your money, you decide.