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$BTC $ETH $CRCL #合约 #合约交易 #Live trading notes
🗓 9/27 00:32 CST
-0.00092%—this is the funding rate for this BTC cycle.
Price is around 84,075, and over the past 24 hours it’s still up 0.15%, yet longs are paying shorts. That’s pretty unusual. ETH on the other side is +0.00668%—the two sides aren’t lining up.
BTC open interest is 7.983 billion, and in the last 24 hours it has only moved -0.02%, suggesting leveraged capital simply isn’t pushing in—just watching from the sidelines.
This kind of macro sentiment on the market transmits pretty directly: as soon as something happens on the USD side, funds first pull back. Nobody wants to hold overnight with a heavy position, so breadth looks okay—among 725 USDT perpetuals, 528 are up, or 72.8%—but the money isn’t really flowing in.
Sentiment is piling up in smaller coins instead.
Q is +65.95% in the last 24 hours, and the funding rate has been pushed to +0.08190%—the most crowded long spot across the whole market. Meanwhile, BTW is down 13.80%, but the funding rate is still +0.02241%; the trapped longs are still holding on.
The most crowded shorts are in 2Z: funding rate is -0.40514%, yet its price is actually up 17.96%. A short squeeze can bite back at any time.
Anyway, I tend to watch first and not act. In this environment, it’s not about picking a direction—it’s about who won’t get worn down.
What’s your position leaning—long or short?
—— Alpha Quantitative Technology
The above is my market notes and personal views. It does not constitute any trading advice, nor does it promise returns. Contracts use leverage—judge for yourself; you are responsible for your own profits and losses.
$BTC $ETH $CRCL #合约 #合约交易 #Live trading notes
🗓 9/27 00:32 CST
-0.00092%—this is the funding rate for this BTC cycle.
Price is around 84,075, and over the past 24 hours it’s still up 0.15%, yet longs are paying shorts. That’s pretty unusual. ETH on the other side is +0.00668%—the two sides aren’t lining up.
BTC open interest is 7.983 billion, and in the last 24 hours it has only moved -0.02%, suggesting leveraged capital simply isn’t pushing in—just watching from the sidelines.
This kind of macro sentiment on the market transmits pretty directly: as soon as something happens on the USD side, funds first pull back. Nobody wants to hold overnight with a heavy position, so breadth looks okay—among 725 USDT perpetuals, 528 are up, or 72.8%—but the money isn’t really flowing in.
Sentiment is piling up in smaller coins instead.
Q is +65.95% in the last 24 hours, and the funding rate has been pushed to +0.08190%—the most crowded long spot across the whole market. Meanwhile, BTW is down 13.80%, but the funding rate is still +0.02241%; the trapped longs are still holding on.
The most crowded shorts are in 2Z: funding rate is -0.40514%, yet its price is actually up 17.96%. A short squeeze can bite back at any time.
Anyway, I tend to watch first and not act. In this environment, it’s not about picking a direction—it’s about who won’t get worn down.
What’s your position leaning—long or short?
—— Alpha Quantitative Technology
The above is my market notes and personal views. It does not constitute any trading advice, nor does it promise returns. Contracts use leverage—judge for yourself; you are responsible for your own profits and losses.