$NBIS BofA raised its revenue outlook above the Wall Street consensus, citing expanded production of AI infrastructure combined with differentiated pricing; Binance US stocks perpetuals are up 8.5% over the past 24 hours, yet the six-hour OI has barely moved.
For position holders, the price is up while exposure hasn’t changed. Also, with the share of aggressive buy orders only 35.78% and sell orders still dominating the order book, it suggests the current move is mainly driven by news-related price lifting, and new positions haven’t been confirmed yet.
Outlook: bearish. In the short term, it’s more likely to give back this portion of the rally. Only if, later, the six-hour OI turns from flat to increasing and the aggressive buy order share returns to above 50%, would it shift to a bullish stance; otherwise, I won’t participate.
For position holders, the price is up while exposure hasn’t changed. Also, with the share of aggressive buy orders only 35.78% and sell orders still dominating the order book, it suggests the current move is mainly driven by news-related price lifting, and new positions haven’t been confirmed yet.
Outlook: bearish. In the short term, it’s more likely to give back this portion of the rally. Only if, later, the six-hour OI turns from flat to increasing and the aggressive buy order share returns to above 50%, would it shift to a bullish stance; otherwise, I won’t participate.
