$BTW 1.0655, Funding rate 0.0754%, up 18.8% in 24h — long crowding is already not low. Over the past 1 hour, buy-sell order activity is 1.142; within the last 15 minutes it rose to 1.54. Buyers are accelerating in consuming the bids. Open interest is 146 million; over the past 1 hour it only increased 1.12%. The price moved from 1.048 one hour ago to nearly the 24h high of 1.0777. This looks more like short-term chasing longs rather than opening large new positions. The side with a relatively high funding rate is easier to get liquidated on the downside. If the price falls back to 1.048 from one hour ago, this long-chasing logic would no longer hold. $AKE 24h is down 15.96% and open interest decreased by 2.46% — selling-down liquidation. $MON buy-sell activity is 0.497, with the sellers completely dominating.
# Funding Rate