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$BTC $ETH $US #合约 #合约交易 #Live trade record
🗓 9/27 08:30 CST
BTC open position size is 7.979 billion, up only +0.08% over the past 24 hours, but the price is 84,227, up +0.40%.
The price is rising while positions haven’t moved much. This combination usually suggests that the money in the market is being shifted around, not that a wave of new capital is aggressively entering.
In the whole network, among 725 USDT perpetual contracts, 330 are up and 395 are down. The up ratio is 45.5%. The index is slightly red, but most contracts are green—liquidity is quite selective.
Funding rates: BTC +0.00473%, ETH +0.00474%, both very mild. On the mainstream side, neither bulls nor bears is going all-in.
The truly extreme ones are in smaller coins: Q is up 41.65%, yet its funding rate is stacked at +0.08308%, with longs crowded into one spot; RARE is up 43.22%, but its funding rate is actually -0.28171%—someone is paying funding to the short side while prices are being pushed up. This kind of disagreement is hard to interpret.
To be direct: I personally tend to understand this market as a battle among existing liquidity, with leverage sentiment concentrated in a few specific names, while the mainstream looks more like it’s being dragged along.
Do you think this move is driven by emotion, or is there truly new capital coming in?
—— Alpha Quantitative Technology
The above is my order book record and personal views only. It does not constitute any trading advice, nor does it guarantee returns. Contracts include leverage—judge for yourself; you are responsible for your own profits and losses.
$BTC $ETH $US #合约 #合约交易 #Live trade record
🗓 9/27 08:30 CST
BTC open position size is 7.979 billion, up only +0.08% over the past 24 hours, but the price is 84,227, up +0.40%.
The price is rising while positions haven’t moved much. This combination usually suggests that the money in the market is being shifted around, not that a wave of new capital is aggressively entering.
In the whole network, among 725 USDT perpetual contracts, 330 are up and 395 are down. The up ratio is 45.5%. The index is slightly red, but most contracts are green—liquidity is quite selective.
Funding rates: BTC +0.00473%, ETH +0.00474%, both very mild. On the mainstream side, neither bulls nor bears is going all-in.
The truly extreme ones are in smaller coins: Q is up 41.65%, yet its funding rate is stacked at +0.08308%, with longs crowded into one spot; RARE is up 43.22%, but its funding rate is actually -0.28171%—someone is paying funding to the short side while prices are being pushed up. This kind of disagreement is hard to interpret.
To be direct: I personally tend to understand this market as a battle among existing liquidity, with leverage sentiment concentrated in a few specific names, while the mainstream looks more like it’s being dragged along.
Do you think this move is driven by emotion, or is there truly new capital coming in?
—— Alpha Quantitative Technology
The above is my order book record and personal views only. It does not constitute any trading advice, nor does it guarantee returns. Contracts include leverage—judge for yourself; you are responsible for your own profits and losses.