$US 15 minutes surged 5.75%, yet the funding rate has skyrocketed to +0.0528% — the longs are squeezed at the door, paying in reverse!
Up 6.81% in 1 hour; open interest increased 5.2% to 12.81 million. Price rise and OI growth look like fresh capital is moving in, with the buy/sell ratio at 1.093 and 15-minute at 1.135. Buyers are indeed absorbing liquidity. But the traded value is only 1.05x the 24h average, and volume hasn’t kept up.
A relatively high funding rate indicates the long side is crowded. Holding above 1 hour ago’s 0.020479 and keeping the buy/sell ratio above 1 is what counts as maintaining momentum. If price falls back below that level, this round of added positions is the chase-buying crowd being turned away by the elevated funding rate.
#US
Up 6.81% in 1 hour; open interest increased 5.2% to 12.81 million. Price rise and OI growth look like fresh capital is moving in, with the buy/sell ratio at 1.093 and 15-minute at 1.135. Buyers are indeed absorbing liquidity. But the traded value is only 1.05x the 24h average, and volume hasn’t kept up.
A relatively high funding rate indicates the long side is crowded. Holding above 1 hour ago’s 0.020479 and keeping the buy/sell ratio above 1 is what counts as maintaining momentum. If price falls back below that level, this round of added positions is the chase-buying crowd being turned away by the elevated funding rate.
#US
