$ARX 24h rose 13.02%, latest price 0.2569. In the past 15 minutes, the active buy/sell ratio is 1.729, with the order book clearly skewed to one side.
The position value increased by 2.52% over the past hour to 7.64 million, and the price moved up in sync, which looks more like fresh longs being pushed rather than short-covering. However, the trading value in the past hour is only 0.35 times the 24h average, so momentum hasn’t kept up—this chase-up move’s credibility should be discounted. If the price falls back below 0.2501 from one hour ago, the claim that adding positions is driving the move would not hold.
$RIVER also shows buy-side dominance, with positions up 3.13%, but the funding rate is 0.0635%, which is more crowded than ARX’s 0.0481%. Meanwhile, $NIL 24h dropped 13.33%; although it rebounded 2.96% in the past hour, the buy/sell ratio is only 1.107, indicating a different nature.
#Futures contract order book
The position value increased by 2.52% over the past hour to 7.64 million, and the price moved up in sync, which looks more like fresh longs being pushed rather than short-covering. However, the trading value in the past hour is only 0.35 times the 24h average, so momentum hasn’t kept up—this chase-up move’s credibility should be discounted. If the price falls back below 0.2501 from one hour ago, the claim that adding positions is driving the move would not hold.
$RIVER also shows buy-side dominance, with positions up 3.13%, but the funding rate is 0.0635%, which is more crowded than ARX’s 0.0481%. Meanwhile, $NIL 24h dropped 13.33%; although it rebounded 2.96% in the past hour, the buy/sell ratio is only 1.107, indicating a different nature.
#Futures contract order book
