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$BTC $ETH $US #合约 #合约交易 #Live trading record
🗓 9/28 14:30 CST
13.0%—this is the proportion of the 725 USDT perpetual contracts on the whole network that went up today; 94 red, 631 green.
BTC is at 83,013, down 1.81% over the last 24 hours; contract trading volume is 9.108 billion. ETH is 2,645, down 2.33%. In this kind of broad sell-off, looking at the funding rate is more tangible than looking at price. BTC this period is -0.00279%, ETH -0.00181%. They’re negative but not deeply, which suggests the shorts aren’t daring to pile into a heavy position. It feels more like longs are letting go rather than someone truly adding to shorts.
What’s strange is the local picture: the most crowded US funding rate is +0.06401%, yet over the last 24 hours it’s fallen 14.65%, paying interest while getting beaten; meanwhile the most crowded SAMSUNG funding rate is -0.23261%, and we still don’t see it crash out. On one side, the funding rate is still paying; on the other, price doesn’t buy it. Leverage is fighting with itself.
What you see is funding moving in, or is it just leverage?
—— Alpha Quantitative Technology
The above is my order book notes and personal views. It does not constitute any trading advice, nor does it promise any returns. Contracts involve leverage—judge for yourself; you are responsible for your own profits and losses.
$BTC $ETH $US #合约 #合约交易 #Live trading record
🗓 9/28 14:30 CST
13.0%—this is the proportion of the 725 USDT perpetual contracts on the whole network that went up today; 94 red, 631 green.
BTC is at 83,013, down 1.81% over the last 24 hours; contract trading volume is 9.108 billion. ETH is 2,645, down 2.33%. In this kind of broad sell-off, looking at the funding rate is more tangible than looking at price. BTC this period is -0.00279%, ETH -0.00181%. They’re negative but not deeply, which suggests the shorts aren’t daring to pile into a heavy position. It feels more like longs are letting go rather than someone truly adding to shorts.
What’s strange is the local picture: the most crowded US funding rate is +0.06401%, yet over the last 24 hours it’s fallen 14.65%, paying interest while getting beaten; meanwhile the most crowded SAMSUNG funding rate is -0.23261%, and we still don’t see it crash out. On one side, the funding rate is still paying; on the other, price doesn’t buy it. Leverage is fighting with itself.
What you see is funding moving in, or is it just leverage?
—— Alpha Quantitative Technology
The above is my order book notes and personal views. It does not constitute any trading advice, nor does it promise any returns. Contracts involve leverage—judge for yourself; you are responsible for your own profits and losses.