$ETC Rallies 8.7% in one hour; the trading value is 4.96x the 24h average. Open interest jumps in sync by 23.72%—new positions are chasing, not short-covering!
Buy-sell ratio is 1.085, with buyers having a slight edge. Funding rate +0.01%, and longs are not crowded. Current price 10.348, just a bit below the 24h high of 10.42.
As long as it doesn’t fall back to 9.52 from one hour ago, the add-on positions remain on exchange; losing the level would mean this move is short-term chasing—then the market should weaken first.
#ETC
Buy-sell ratio is 1.085, with buyers having a slight edge. Funding rate +0.01%, and longs are not crowded. Current price 10.348, just a bit below the 24h high of 10.42.
As long as it doesn’t fall back to 9.52 from one hour ago, the add-on positions remain on exchange; losing the level would mean this move is short-term chasing—then the market should weaken first.
#ETC
