$RARE 1 hours from 0.0136 straight up to 0.01666, up 22.5%. Turnover surged to 20.1x the 24-hour average. Open interest jumped 66.58% to 3.052 million — volume, price, everything exploded together. The new positions were forcefully hammered in!
The active buy/sell ratio is only 0.936, 0.931 in the last 15 minutes. As the price shot upward, the orders being filled came mostly from the sell side. Funding rate is +0.005%, so longs almost pay no cost—there’s no real crowdedness. Increasing positions while matching with sell-side market orders looks more like shorts are catching the falling knife at high levels. Only if price holds above 0.0136 one hour ago and the buy/sell ratio flips above 1 can we say the longs truly caught it; if it can’t break above the 24h high 0.01718 while the buy/sell ratio stays below 1, then it’s a pump-and-distribute.
#RARE
The active buy/sell ratio is only 0.936, 0.931 in the last 15 minutes. As the price shot upward, the orders being filled came mostly from the sell side. Funding rate is +0.005%, so longs almost pay no cost—there’s no real crowdedness. Increasing positions while matching with sell-side market orders looks more like shorts are catching the falling knife at high levels. Only if price holds above 0.0136 one hour ago and the buy/sell ratio flips above 1 can we say the longs truly caught it; if it can’t break above the 24h high 0.01718 while the buy/sell ratio stays below 1, then it’s a pump-and-distribute.
#RARE
