After the 24-hour drop widened to 85.61%, AIN did not show synchronous deleveraging. According to Binance public data at 15:38 (UTC+8), perpetual contract $AIN is at 0.02360, with a 24-hour trading volume of approximately 458 million USDT. There is no AINUSDT spot market for this asset; for now, we can only infer the structure from derivatives data.
In the past hour, OI increased by 6.76%, and over about 24 hours it expanded by 269.18%. Meanwhile, the latest complete one-hour price move rebounded only 0.57%, and trading volume was still 53.86% lower than the previous hour. The position build after the crash has not been confirmed by price-and-volume action. It could be that longs and shorts are redeploying to concentrate their positions, or it could be that it amplifies the next round of forced liquidations. OI itself does not provide directional insight.
Be cautious with the jump in funding: the next round’s implied rate is about +0.3806%, but the most recent actual settlement was -0.0048%. The forecast has not yet materialized, so you cannot treat a high positive funding rate as a direct short signal.
For the short term, watch whether 0.025 can regain and hold support, ideally accompanied by a rise in trading volume. If the price falls again toward 0.019 and OI continues to increase, liquidation risk will accumulate further. When extreme drawdowns, lack of a spot anchor, and unsettled funding all coexist, I won’t place a bet chasing a single indicator.
In the past hour, OI increased by 6.76%, and over about 24 hours it expanded by 269.18%. Meanwhile, the latest complete one-hour price move rebounded only 0.57%, and trading volume was still 53.86% lower than the previous hour. The position build after the crash has not been confirmed by price-and-volume action. It could be that longs and shorts are redeploying to concentrate their positions, or it could be that it amplifies the next round of forced liquidations. OI itself does not provide directional insight.
Be cautious with the jump in funding: the next round’s implied rate is about +0.3806%, but the most recent actual settlement was -0.0048%. The forecast has not yet materialized, so you cannot treat a high positive funding rate as a direct short signal.
For the short term, watch whether 0.025 can regain and hold support, ideally accompanied by a rise in trading volume. If the price falls again toward 0.019 and OI continues to increase, liquidation risk will accumulate further. When extreme drawdowns, lack of a spot anchor, and unsettled funding all coexist, I won’t place a bet chasing a single indicator.
