$PROM 24h rose 15.45%, current price 6.373; an hour ago it was 6.193.
Over the past 1 hour, the position holding value increased by 3.07%. The ratio of proactive buy vs. sell is 1.1. On a 15-minute basis it rose to 1.959, with newly opened positions chasing longs. However, the trading value over 1 hour is only 0.76x the 24h hourly average, and the volume didn’t keep up. The funding rate of 0.005% also isn’t crowded. If the price falls back below 6.193, the logic for chasing longs won’t hold.
$SEI and $SUI are both proactively-buy-dominant, but their funding rates differ: SEI’s funding rate is 0.01%, while SUI is -0.0017%, so the “crowded” direction isn’t consistent.
# Futures order book
Over the past 1 hour, the position holding value increased by 3.07%. The ratio of proactive buy vs. sell is 1.1. On a 15-minute basis it rose to 1.959, with newly opened positions chasing longs. However, the trading value over 1 hour is only 0.76x the 24h hourly average, and the volume didn’t keep up. The funding rate of 0.005% also isn’t crowded. If the price falls back below 6.193, the logic for chasing longs won’t hold.
$SEI and $SUI are both proactively-buy-dominant, but their funding rates differ: SEI’s funding rate is 0.01%, while SUI is -0.0017%, so the “crowded” direction isn’t consistent.
# Futures order book