$ONDO I’m leaning bullish, but I’m not chasing this sharp pump. Spot and futures both surged on volume in the same hour; the key is whether it can hold above 0.37. After the spike, it has already given back part of the move, so I’ll wait for support and not treat one impulsive rally as trend completion.
From 12:00 to 13:00, the U-margined contract rose from 0.3675 to 0.3710, with a high of 0.3763 and about $5.91 million in volume; spot in the same period moved from 0.3675 to 0.3711, with about $1.60 million in volume. The real acceleration happened in the middle 15 minutes: contracts traded about $4.07 million, spot about $1.10 million, and it closed at 0.3727, but it did not hold the high.
Price cross-checks are consistent too: on Ethereum, the official ONDO contract’s Uniswap main pool is around 0.3720, close to Binance’s around 0.371. It’s just that leverage is starting to lean long; public large-account positioning is about 66% long, the long/short ratio is 1.96, and the funding rate is still positive at about 0.005% per 8 hours.
I’ll only add to longs if 15-minute candles reclaim 0.3734 and then a 1-hour candle closes above 0.3763; if the 1-hour closes below 0.3658, I’ll treat this push as a failure. #ONDO #RWA #Ethereum #contract watch
From 12:00 to 13:00, the U-margined contract rose from 0.3675 to 0.3710, with a high of 0.3763 and about $5.91 million in volume; spot in the same period moved from 0.3675 to 0.3711, with about $1.60 million in volume. The real acceleration happened in the middle 15 minutes: contracts traded about $4.07 million, spot about $1.10 million, and it closed at 0.3727, but it did not hold the high.
Price cross-checks are consistent too: on Ethereum, the official ONDO contract’s Uniswap main pool is around 0.3720, close to Binance’s around 0.371. It’s just that leverage is starting to lean long; public large-account positioning is about 66% long, the long/short ratio is 1.96, and the funding rate is still positive at about 0.005% per 8 hours.
I’ll only add to longs if 15-minute candles reclaim 0.3734 and then a 1-hour candle closes above 0.3763; if the 1-hour closes below 0.3658, I’ll treat this push as a failure. #ONDO #RWA #Ethereum #contract watch