$CATI I’m leaning toward waiting and not chasing this rebound off the lows. It’s still down about 12% over 24 hours. Although the price has returned to around 0.051, longs in the perpetuals market have already started paying, and I won’t treat this as a reversal before lower-timeframe confirmation.

Binance spot is currently around 0.05152. The last three full 1-hour closes moved up from 0.04977, 0.05072, to 0.05141; the U-margined futures closes were 0.04981, 0.05067, and 0.05125. The rebound path is consistent across both markets, so this is not an upper-wick effect caused by a one-sided quote.

Still, the funding structure calls for restraint: 24-hour spot volume is about $2.81 million, U-margined volume about $16.93 million, so futures volume is roughly 6 times spot. The funding rate is about 0.005% per 8 hours, and public whale accounts are roughly 52.6% net long, which shows some traders have already positioned for the rebound in advance.

I would only turn bullish if the 15-minute chart closes above 0.05163 and then the 1-hour chart closes above 0.0518; if the 1-hour chart closes back below 0.0505, I’ll treat this rebound as failed. First, see whether volume can keep up, and don’t try to pick the exact bottom.#CATI #Catizen #TON #contract watch