$VIRTUAL this wave of the rally has something to it.
It rose 1.76% in just 15 minutes, with trading volume surging to more than 8 times the usual level. The 5-minute K-line has broken through the recent range, and it can still hold at the high level. More importantly, OI rose by 2%, and the funding rate has also reached a relatively high level, which clearly shows that new leveraged longs are entering the market, rather than the kind of false rise caused by short covering. Combined with the active buy ratio approaching 1.9, the direction consensus is quite clear.
But to be honest, this position has also been pushed into the historical extreme area of the entire pool. Hot money is flowing in, but leverage is no longer cheap. If you want to chase it, pay attention to position size and funding cost. The more violent the breakout, the more explosive the pullback may be. If you follow now, keep your head clear and don't get carried away by emotion.
It rose 1.76% in just 15 minutes, with trading volume surging to more than 8 times the usual level. The 5-minute K-line has broken through the recent range, and it can still hold at the high level. More importantly, OI rose by 2%, and the funding rate has also reached a relatively high level, which clearly shows that new leveraged longs are entering the market, rather than the kind of false rise caused by short covering. Combined with the active buy ratio approaching 1.9, the direction consensus is quite clear.
But to be honest, this position has also been pushed into the historical extreme area of the entire pool. Hot money is flowing in, but leverage is no longer cheap. If you want to chase it, pay attention to position size and funding cost. The more violent the breakout, the more explosive the pullback may be. If you follow now, keep your head clear and don't get carried away by emotion.