Contract Order Book Daily｜9/24 falls across the board by 3%, yet greed hasn’t retreated
$BTC is currently at $84,001, down 3.06% over the past 24 hours.
$ETH is down 3.37% to $2,674, $SOL down 3.58% to $114.73, and BNB down 3.15% to $770.57.
The four major contracts were nearly synchronized in their sell-off—no one could withstand this wave of selling pressure.
Bitcoin futures open interest has dropped to $8.27 billion, evaporating 9.9% in a day; the contraction is much larger than the price decline.
Funding rates haven’t collapsed, though—BTC is still holding around a normal 0.0045%, and ETH and Solana are also positive.
This suggests the current drop doesn’t look like a chain liquidation triggered by leverage squeezes; it’s more like someone is actively reducing positions and exiting.
Longs account for 54%, just over half. Active buy and sell orders are also basically balanced, with no clear one-sidedness.
What’s strange is that the Fear & Greed Index is still stuck at 71—still in the Greed zone—while price hasn’t caught up.
With a 3%+ drop staring everyone in the face, the sentiment indicator barely moves; such divergence usually doesn’t stay unresolved forever.
The news flow hasn’t been calm these past couple of days.
It was reported that Trump holds up to $100,000 worth of Strategy company stock. At the same time, the Commodity Futures Trading Commission is preparing for an always-on on-chain trading market, and the regulatory tone appears to be relatively friendly.
On the other side, U.S. Treasury yields are rising, but Bitcoin is falling—these two lines are moving in opposite directions. This combination is worth taking a closer look at.
Local signals are also diverging.
The funding rates for STEEM, ONE, and LSK have fallen to between -0.3% and -0.67%; shorts are hard-pressing. If anything shifts, it’s easy to get reverse squeezed.
The funding rates for TMF, BOT, and CYPH are positive, around 0.1% to slightly above 0.2%—meaning longs are bearing the cost; the direction is effectively flipped.
Next, watch whether these two gaps can be filled: open interest is shrinking, but the Fear & Greed Index isn’t falling with it, and the current 3% price drop hasn’t been explained by anyone so far.
$BTC $ETH $SOL #Bitcoin futures
This content is generated with the help of Claude Fable 5 for informational reference only. Please verify it yourself.
$BTC is currently at $84,001, down 3.06% over the past 24 hours.
$ETH is down 3.37% to $2,674, $SOL down 3.58% to $114.73, and BNB down 3.15% to $770.57.
The four major contracts were nearly synchronized in their sell-off—no one could withstand this wave of selling pressure.
Bitcoin futures open interest has dropped to $8.27 billion, evaporating 9.9% in a day; the contraction is much larger than the price decline.
Funding rates haven’t collapsed, though—BTC is still holding around a normal 0.0045%, and ETH and Solana are also positive.
This suggests the current drop doesn’t look like a chain liquidation triggered by leverage squeezes; it’s more like someone is actively reducing positions and exiting.
Longs account for 54%, just over half. Active buy and sell orders are also basically balanced, with no clear one-sidedness.
What’s strange is that the Fear & Greed Index is still stuck at 71—still in the Greed zone—while price hasn’t caught up.
With a 3%+ drop staring everyone in the face, the sentiment indicator barely moves; such divergence usually doesn’t stay unresolved forever.
The news flow hasn’t been calm these past couple of days.
It was reported that Trump holds up to $100,000 worth of Strategy company stock. At the same time, the Commodity Futures Trading Commission is preparing for an always-on on-chain trading market, and the regulatory tone appears to be relatively friendly.
On the other side, U.S. Treasury yields are rising, but Bitcoin is falling—these two lines are moving in opposite directions. This combination is worth taking a closer look at.
Local signals are also diverging.
The funding rates for STEEM, ONE, and LSK have fallen to between -0.3% and -0.67%; shorts are hard-pressing. If anything shifts, it’s easy to get reverse squeezed.
The funding rates for TMF, BOT, and CYPH are positive, around 0.1% to slightly above 0.2%—meaning longs are bearing the cost; the direction is effectively flipped.
Next, watch whether these two gaps can be filled: open interest is shrinking, but the Fear & Greed Index isn’t falling with it, and the current 3% price drop hasn’t been explained by anyone so far.
$BTC $ETH $SOL #Bitcoin futures
This content is generated with the help of Claude Fable 5 for informational reference only. Please verify it yourself.
