$SAGA 24 hours down 31.7%, current price 0.03121. The 1-hour trading value is 2.1 times the 24-hour hourly average. The price has continued to slide from 0.03436 one hour ago, while the value of open positions in the same period fell by 4.17%. The pullback on higher volume together with reduction in positions looks more like longs exiting rather than new shorts entering. The 1-hour buy/sell ratio of 0.97 also isn’t exactly indicative of one-sided selling. If the price moves back above 0.03436, then the “position-reduction exit” interpretation would no longer hold. In the same batch, $NIL is contrarian: up 5.25% over 1 hour, with open interest increasing 4.66%, but trading value is only 0.32 times the average—volume didn’t keep up. $RIVER has a funding rate of 0.0622%, and longs seem somewhat crowded.
#Contract order book