CRCL fell 11.58% in 24h; long accounts still account for 69%, and the funding rate remains at +0.0300%.
Binance TradFi Perpetual (Stock-type)｜CRCL remains weak intraday; for the repair, first check whether selling pressure is converging. Current price is about 85.67, with 24h trading volume of about 276 million; absolute trading volume does not equal relative volume. Market positioning: long accounts are 69%; buy/sell ratio (initiated) is 0.73 (initiated sell orders are dominant); 30m open interest +0.5%; funding rate +0.0300%.
Reference indicators: 30m RSI 13.76 is already oversold, suggesting short-term panic is close to being fully priced in; the 30m ATR trend’s reference level is 90.373945. The price has broken below the reference level, indicating that the trend support area is starting to come under pressure.
Watch only two levels: whether the initiated buy/sell ratio of 0.73 can return above 1; and whether the 30m RSI 13.8 can return above 30. The next two paths: one is repair after panic has been released, and the other is a weak continuation on a low-volume pullback.
#CRCL #Increased Volatility Alert
Binance TradFi Perpetual (Stock-type)｜CRCL remains weak intraday; for the repair, first check whether selling pressure is converging. Current price is about 85.67, with 24h trading volume of about 276 million; absolute trading volume does not equal relative volume. Market positioning: long accounts are 69%; buy/sell ratio (initiated) is 0.73 (initiated sell orders are dominant); 30m open interest +0.5%; funding rate +0.0300%.
Reference indicators: 30m RSI 13.76 is already oversold, suggesting short-term panic is close to being fully priced in; the 30m ATR trend’s reference level is 90.373945. The price has broken below the reference level, indicating that the trend support area is starting to come under pressure.
Watch only two levels: whether the initiated buy/sell ratio of 0.73 can return above 1; and whether the 30m RSI 13.8 can return above 30. The next two paths: one is repair after panic has been released, and the other is a weak continuation on a low-volume pullback.
#CRCL #Increased Volatility Alert