$AKE An hour from 0.040442 to 0.044011, up 8.82%. Yet the ratio of active buys vs. sells is only 0.964—while the price is rising, the sell side taking the orders is actually slightly more!
Position size increased 6.59% to 22.75M; the trading value is 1.39x the 24h hourly average. Both price rise and position increase look like fresh entries. However, the past 24h is still down 11.448%, and it’s still a way off from the 24h high of 0.049889.
Funding rate: +0.005%. Longs are not crowded.
As long as it doesn’t drop back to 0.040442, the increased long exposure is still present; if it breaks down, it means this rally was driven by passive buyers picking up the sell-side, and weakness comes first.
#AKE
Position size increased 6.59% to 22.75M; the trading value is 1.39x the 24h hourly average. Both price rise and position increase look like fresh entries. However, the past 24h is still down 11.448%, and it’s still a way off from the 24h high of 0.049889.
Funding rate: +0.005%. Longs are not crowded.
As long as it doesn’t drop back to 0.040442, the increased long exposure is still present; if it breaks down, it means this rally was driven by passive buyers picking up the sell-side, and weakness comes first.
#AKE
