This morning, top 3 on the 24-hour gainers list—now it’s time to settle the accounts.
MUBARAK has stalled.
At launch, the price surge once reached 68.34%. Now, the price has fallen from 0.07565 to 0.05833, down 22.89%. Open interest has dropped from $39.37 million to $27.14 million, and the funding rate has also slid from 0.0277% to 0.005%. The momentum from those who chased at the highs is now shifting into a drawdown/realization phase.
FOLKS has stalled as well.
The price fell from 2.867 to 2.429, down 15.28%. Open interest decreased by 21.15%, and the funding rate dropped from 0.1282% to 0.0467%. The strength of the active buy-side has also clearly weakened—the “gainers list” halo fades pretty quickly.
Of the three, BCH is the only one still continuing.
The price has risen from 342.83 to 359.7, pushing higher another 4.92%. Open interest is moving up in sync, increasing by 5.74%. The 24-hour gain is now 32.54%, and the current price’s relative strength indicator is already at 75.5—sitting in a somewhat overheated zone.
Keep an eye on whether, for BCH, the open interest and buying pressure cool off together. Once it turns around like MUBARAK and FOLKS, the risk of chasing at the highs will become apparent—drawdowns have already played out once on the first two.
#合约 #BCH
Assisted by Claude Fable 5 in compiling the contract data for informational reference only—please verify independently.
MUBARAK has stalled.
At launch, the price surge once reached 68.34%. Now, the price has fallen from 0.07565 to 0.05833, down 22.89%. Open interest has dropped from $39.37 million to $27.14 million, and the funding rate has also slid from 0.0277% to 0.005%. The momentum from those who chased at the highs is now shifting into a drawdown/realization phase.
FOLKS has stalled as well.
The price fell from 2.867 to 2.429, down 15.28%. Open interest decreased by 21.15%, and the funding rate dropped from 0.1282% to 0.0467%. The strength of the active buy-side has also clearly weakened—the “gainers list” halo fades pretty quickly.
Of the three, BCH is the only one still continuing.
The price has risen from 342.83 to 359.7, pushing higher another 4.92%. Open interest is moving up in sync, increasing by 5.74%. The 24-hour gain is now 32.54%, and the current price’s relative strength indicator is already at 75.5—sitting in a somewhat overheated zone.
Keep an eye on whether, for BCH, the open interest and buying pressure cool off together. Once it turns around like MUBARAK and FOLKS, the risk of chasing at the highs will become apparent—drawdowns have already played out once on the first two.
#合约 #BCH
Assisted by Claude Fable 5 in compiling the contract data for informational reference only—please verify independently.
