$NIL surged 21.52% in one hour; the price rose from 0.09986 to 0.12135, with the 24h high of 0.1218 right within reach.
In this one hour, the trading volume was 3.06 times the 24h hourly average. Open interest increased in tandem by 38.65%, and the buy/sell ratio was 1.027—new positions are being added, not short-covering. The funding rate of 0.005% isn’t crowded yet.
How to read it: As long as the price doesn’t fall back to 0.09986 from an hour ago, the increase driven by added positions is still valid. Once it breaks below that level, it means the longs who chased in have flipped sides.
In the same batch, $SAGA fell 4.53% in the opposite direction and saw open interest drop by 5.02%. Meanwhile, $TAKE 24h rose 54.52%, but its one-hour trading volume shrank to 0.16 times the average—so the heat isn’t on the same level.
#NIL
In this one hour, the trading volume was 3.06 times the 24h hourly average. Open interest increased in tandem by 38.65%, and the buy/sell ratio was 1.027—new positions are being added, not short-covering. The funding rate of 0.005% isn’t crowded yet.
How to read it: As long as the price doesn’t fall back to 0.09986 from an hour ago, the increase driven by added positions is still valid. Once it breaks below that level, it means the longs who chased in have flipped sides.
In the same batch, $SAGA fell 4.53% in the opposite direction and saw open interest drop by 5.02%. Meanwhile, $TAKE 24h rose 54.52%, but its one-hour trading volume shrank to 0.16 times the average—so the heat isn’t on the same level.
#NIL
