Did you notice? Today $BTC has been hovering in the range 80126 to 81951. The amplitude isn’t small, but the direction is unclear.
The funding rate is only 0.01%, which is ridiculously low—suggesting both longs and shorts are watching and nobody dares to take a big bet. But looking at the funding rates for ONG at -0.8531% and AVA at -0.2382%, these shorts have extremely high funding rates, meaning the short side is still continuously paying the long side. The bears haven’t given up.
I tried a small long at 80400. My stop-loss is set at 80000; if it breaks below, I’ll look for support around 78000. On the upside, I need to see whether 81500 can break through first—only if it holds there will there be a chance.
At this spot, both sides feel uncomfortable. Who will be the first to admit defeat?
Write2Earn market analysis
#Write2Earn #Crypto
⚠️ Personal opinion only; not investment advice.
The funding rate is only 0.01%, which is ridiculously low—suggesting both longs and shorts are watching and nobody dares to take a big bet. But looking at the funding rates for ONG at -0.8531% and AVA at -0.2382%, these shorts have extremely high funding rates, meaning the short side is still continuously paying the long side. The bears haven’t given up.
I tried a small long at 80400. My stop-loss is set at 80000; if it breaks below, I’ll look for support around 78000. On the upside, I need to see whether 81500 can break through first—only if it holds there will there be a chance.
At this spot, both sides feel uncomfortable. Who will be the first to admit defeat?
Write2Earn market analysis
#Write2Earn #Crypto
⚠️ Personal opinion only; not investment advice.