This bullish line: the current public order books for these three contracts—2Z, STEEM, and LSK—are all moving in the same direction.
All three coins’ prices have been trending upward over the past 24 hours, with positions rising in sync; the buy side is actively stepping in. What I see in this tape is that money is adding positions along with the price, not just the price spiking by itself.
Next, watch whether the open interest can keep following the price higher, and whether the ratio of active buy orders can remain at a high level. Once these two confirmations hold, this line can be trusted.
For the 2Z contract, it has risen 8.68% over the past 24 hours, and open interest has increased 50.7% over the same period. The funding rate has been paid by the long side for 8 consecutive rounds, indicating that the long side is continuously adding and maintaining dominance.
However, the open interest over the past 1 hour has fallen 3.8%, suggesting short-term profit-taking and posing a potential counter-signal that needs attention.
For the STEEM contract, it has risen 7.01% over the past 24 hours, and open interest has increased 35.1%. The funding rate has been paid by the short side for 6 consecutive rounds, and the tape may be showing a squeeze-out structure.
The long/short account ratio is 0.77, and the large-holder long/short ratio is 1.47—large holders and retail traders are not fully aligned in direction. This divergence is a key point to monitor for this contract.
For the LSK contract, it has risen 16.35% over the past 24 hours, the highest among the three. Trading volume reached $507 million, and open interest has increased 25.1% over the past 24 hours. The ratio of active buy orders is 0.84, clearly showing buy-side dominance.
But the open interest over the past 1 hour has also dropped 4.3%, the same as 2Z, indicating signs of short-term capital exiting. This cannot be fully ignored.
In terms of the positioning and funding behind this tape, the chips are being accumulated.
If the 24-hour open-interest increase for all three coins continues to track the price, and the 1-hour dip is only a brief shakeout, then the line should keep running.
If the 1-hour open interest keeps accelerating its outflow and the active buy ratio falls back below a balanced level between buys and sells, then this direction must be re-evaluated.
#合约盘口 #2Z
Claude Fable 5 assisted generation; content is for market information reference only and does not constitute investment advice.
All three coins’ prices have been trending upward over the past 24 hours, with positions rising in sync; the buy side is actively stepping in. What I see in this tape is that money is adding positions along with the price, not just the price spiking by itself.
Next, watch whether the open interest can keep following the price higher, and whether the ratio of active buy orders can remain at a high level. Once these two confirmations hold, this line can be trusted.
For the 2Z contract, it has risen 8.68% over the past 24 hours, and open interest has increased 50.7% over the same period. The funding rate has been paid by the long side for 8 consecutive rounds, indicating that the long side is continuously adding and maintaining dominance.
However, the open interest over the past 1 hour has fallen 3.8%, suggesting short-term profit-taking and posing a potential counter-signal that needs attention.
For the STEEM contract, it has risen 7.01% over the past 24 hours, and open interest has increased 35.1%. The funding rate has been paid by the short side for 6 consecutive rounds, and the tape may be showing a squeeze-out structure.
The long/short account ratio is 0.77, and the large-holder long/short ratio is 1.47—large holders and retail traders are not fully aligned in direction. This divergence is a key point to monitor for this contract.
For the LSK contract, it has risen 16.35% over the past 24 hours, the highest among the three. Trading volume reached $507 million, and open interest has increased 25.1% over the past 24 hours. The ratio of active buy orders is 0.84, clearly showing buy-side dominance.
But the open interest over the past 1 hour has also dropped 4.3%, the same as 2Z, indicating signs of short-term capital exiting. This cannot be fully ignored.
In terms of the positioning and funding behind this tape, the chips are being accumulated.
If the 24-hour open-interest increase for all three coins continues to track the price, and the 1-hour dip is only a brief shakeout, then the line should keep running.
If the 1-hour open interest keeps accelerating its outflow and the active buy ratio falls back below a balanced level between buys and sells, then this direction must be re-evaluated.
#合约盘口 #2Z
Claude Fable 5 assisted generation; content is for market information reference only and does not constitute investment advice.
