$FIGHT 24h rose 24.7%, yet the open-position amount over the last 1 hour fell by 6.55%.
The price dropped from 0.004527 to 0.004408. Trading volume is 2.74 times the 24h hourly average. The buy/sell ratio of takers is 0.945, slightly sell-leaning—more like longs taking profits than new money entering. The 15-minute buy/sell ratio has returned to 1.144 and the price has rebounded slightly; selling pressure doesn’t appear to be continuously increasing. The funding rate at 0.0383% is still slightly positive, meaning there is still some room left for longs to crowd. If it were to reclaim 0.004527, the “deleveraging/减仓” interpretation would not hold.
$SUPER also reduced positions after a rise, and the funding rate turned negative; $MUBARAK fell 16.22% while shrinking volume and reducing positions—this is longs exiting.
#Contract open interest
The price dropped from 0.004527 to 0.004408. Trading volume is 2.74 times the 24h hourly average. The buy/sell ratio of takers is 0.945, slightly sell-leaning—more like longs taking profits than new money entering. The 15-minute buy/sell ratio has returned to 1.144 and the price has rebounded slightly; selling pressure doesn’t appear to be continuously increasing. The funding rate at 0.0383% is still slightly positive, meaning there is still some room left for longs to crowd. If it were to reclaim 0.004527, the “deleveraging/减仓” interpretation would not hold.
$SUPER also reduced positions after a rise, and the funding rate turned negative; $MUBARAK fell 16.22% while shrinking volume and reducing positions—this is longs exiting.
#Contract open interest