$QNT 24h surged 29.754%, price 91.21 is almost pinned to the 24h high 91.73; in the last hour, however, the active buy/sell ratio is only 0.881—when the move is this big, the party selling actually has the advantage in “being filled.”
Putting turnover on a 24h basis, it’s 2.8 times the average; open position value increased 2.06%. Price rising alongside position growth indicates both longs and shorts are adding exposure; however, the buy/sell ratio over the next 15 minutes has fallen further to 0.753. Funding rate is -0.0029%—shorts are paying a bit, and crowding isn’t at an extreme level.
If it doesn’t drop back to 89.74 from one hour ago, this push can still hold; a break would mean the people who bought at the high are getting trapped inside.
#QNT
Putting turnover on a 24h basis, it’s 2.8 times the average; open position value increased 2.06%. Price rising alongside position growth indicates both longs and shorts are adding exposure; however, the buy/sell ratio over the next 15 minutes has fallen further to 0.753. Funding rate is -0.0029%—shorts are paying a bit, and crowding isn’t at an extreme level.
If it doesn’t drop back to 89.74 from one hour ago, this push can still hold; a break would mean the people who bought at the high are getting trapped inside.
#QNT
