$GPRO surged 19.55% over the past 24 hours, quoted at 1.755, while the funding rate rose to 0.00030255. This funding rate clearly means longs are paying shorts, indicating that long positions are quite crowded.
I took a quick look, and the OI size is 310,000, with trading volume jumping to nearly 15 million. Combined with the positive funding rate, this is a typical sign of bullish sentiment heating up. From this angle, capital is flowing out of BTC and major perpetual contracts into high-volatility assets, and $GPRO has become the outlet for this round of sentiment.
Trading tags: #BinanceFutures #TradFi #USDⓈM #GPRO #GPROUSDT $GPRO
I took a quick look, and the OI size is 310,000, with trading volume jumping to nearly 15 million. Combined with the positive funding rate, this is a typical sign of bullish sentiment heating up. From this angle, capital is flowing out of BTC and major perpetual contracts into high-volatility assets, and $GPRO has become the outlet for this round of sentiment.
Trading tags: #BinanceFutures #TradFi #USDⓈM #GPRO #GPROUSDT $GPRO