It’s like the theater temporarily added a midnight screening—people rush in not to watch the plot, but to avoid missing seats. $EDGE Today getting onto the leaderboard has a bit of the same vibe: a 24-hour contract trade volume reaching $58.62M, funding rate +0.0400%, which suggests the longs are already starting to pay up. Open interest is only 19,134,049 EDGE—there’s plenty of heat, but the positioning isn’t yet outrageously stretched.
With a market like this, I usually don’t chase the market price. I’ll place a small order and wait for a pullback—2% for a test order is enough. In the spot market, the hype isn’t as loud as with the contracts; more often, the contracts first bring the temperature up. If the funding rate keeps getting bid higher, but the price can’t move, I’ll just cancel the order. $EDGE #EDGE
With a market like this, I usually don’t chase the market price. I’ll place a small order and wait for a pullback—2% for a test order is enough. In the spot market, the hype isn’t as loud as with the contracts; more often, the contracts first bring the temperature up. If the funding rate keeps getting bid higher, but the price can’t move, I’ll just cancel the order. $EDGE #EDGE