Retail traders in contracts are chopping each other up; when sectors resonate, the lightest one gets lifted onto the board first. $龙虾 This time it looks more like sentiment spilling over from the hotspot, not a move driven by its own momentum.
24h contract volume has already reached 71.82M, funding rate has pushed up to +0.0850%, and open interest has also climbed to 556,005,700. Volume, funding rate, and OI all rising together shows that the chasing orders are mainly in contracts, not the kind of gradual accumulation you see in spot.
I didn’t open a position; at this level the risk-reward is usually poor. If I were to do anything, I’d only wait for the funding rate to cool off before trying a short, with 3% position size, and cut it if wrong. $龙虾 #龙虾
24h contract volume has already reached 71.82M, funding rate has pushed up to +0.0850%, and open interest has also climbed to 556,005,700. Volume, funding rate, and OI all rising together shows that the chasing orders are mainly in contracts, not the kind of gradual accumulation you see in spot.
I didn’t open a position; at this level the risk-reward is usually poor. If I were to do anything, I’d only wait for the funding rate to cool off before trying a short, with 3% position size, and cut it if wrong. $龙虾 #龙虾